ASPAC II identifies two potential SPAC targets: Vietnam biofuel and Nepal copper mining

ASPAC II Acquisition Corp.

Entered non-binding LOIs with a Vietnam biofuel target and a Nepal copper mining target; no minimum cash condition.
Biofuel target has been EBITDA positive since 2022; Vietnamese govt may mandate ethanol blend expansion up to 400% demand increase.
Mining target is in exploration stage in Baglung District; preliminary porphyry copper findings identified but unconfirmed.
Previous talks with a medical target have ended; special meeting on July 23, 2024 to vote on extension proposal.
No definitive agreement yet; due diligence and negotiation remain; no guarantee of any deal.

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