other material
confidence high
sentiment negative
materiality 0.85
Rising Dragon shareholders approve HZJL merger; 5.7M shares tendered for redemption (~76%)
Rising Dragon Acquisition Corp.
- All six proposals passed with ~4.78M votes for and ~273K against at Nov 20 EGM.
- 5,715,609 ordinary shares (76% of 7.5M shares outstanding) were tendered for redemption.
- Company will close Business Combination as soon as possible; accepts reversal of redemptions until close.
- Proposed PubCo directors Bin Xiong, Wei Lin Yu, Jun Gang Wang, Jun Chen Sun, Ye Liu approved.
- Nasdaq listing and charter amendments also approved by shareholders.