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Our Cases

AGBA
Road show story: excess funds raised behind the trade war
On May 6, 2019, the first day of the road show, U.S. President Trump announced that he would impose a 25% tariff on $200 billion worth of Chinese goods. On May 9th, the negotiations failed, the trade war was about to start, the market atmosphere was negative and the team was under great pressure. Even in such situation, our team members, relying on rich experience, still attracted many investors. Philip Goldstein, a famous American investor, spoke highly of performance of AGBA team, claiming that it was one of the best roadshows he had experienced. Although the China-US trade war triggered a negative market atmosphere, the company‘s management team still received wide recognition from investors, which fully demonstrates that capital knows no borders and that U.S. investors are always bullish on China's future.
At 10: 00 a.m. on May 14th, 2019, AGBA Acquisition Limited raised $46 million and got listed on NASDAQ with the stock symbol AGBA.
On November 4th, 2021, AGBA Acquisition Limited(“AGBA ") announced a merger agreement with Tag Holdings Limited ("TAG "), a subsidiary of Convoy Global. This transaction makes TAG's valuation of nearly $555 million, and the combined company's valuation is about $600 million if no shareholders exercise the right of redemption. At the time of deal closing, it is expected that TAG will simultaneously obtain PIPE of not less than $35 million.
TOTA
Road show story: achieving the financing goal in just one day.
The SPAC management team went for road show on July 25th, 2018 and the financing target was completely achieved that day. The SPAC gotlisted on NASDAQ the seventh day after the roadshow.
Among many investors in the road show, there was an investor whose team managed assets of $3.9 billion. He was also an investors in SPAC sponsored by Mr. Leung Kam-chung. With fully understanding of the investors' preference, our sponsor Mr. Jason Wang introduced two successful investment cases in Japanese AI and elaborated the whole process from investment to exit, which impressed the investors. Investors showed that the team's management ability and experience are worthy of their trust. Some investors even increased their investment from 40 million to 75 million, which is very rare.
At 9: 20 a.m. on November 21, 2018, Tottenham Acquisition I Limited held a ringing ceremony on the Nasdaq Stock Exchange.
On December 30th, 2020, U.S. time, Tottenham Acquisition I Limited (TOTA) completed the merger with Clene Nanomedine Biopharmaceutical Company. The stock symbol was changed to CLNN.
Clene is a clinical-stage biopharmaceutical company focused on revolutionizing the treatment of neurodegenerative diseases with first-in-class nanotherapeutics.
DT Asia (CADT, the first SPAC from Asia since 2008 financial crisis)
DT Asia is a SPAC sponsored by De Tiger, the shareholder of AGBA (Asia) Capital Group.
In September, 2014, DT Asia got listed on NASDAQ and got gross proceeds about $70 million.
DT Asia was awarded as the Deal of the Year in 2014 by Acquisition International Magazine 。 The magazine, headquartered in the UK, is authoritative in the field of international finance.
DT Asia actively searched for the private companies that plan to be listed through SPAC inChina.
On July 22nd, 2016, China Lending (China Loan Group) merged with DT Asia and got listed on NASDAQ.
Founded in 2009, China Lending was one of the biggest microfinance companies in China.
China Lending gained huge economic and social benefits since going public.