other material
confidence high
sentiment neutral
materiality 0.60
BEST SPAC I sponsor ownership transferred to A SPAC (Holdings) Group; new holder controls ~80% of shares
BEST SPAC I Acquisition Corp.
- Naoda Investments Limited transferred all ordinary shares of sponsor BEST SPAC I (Holdings) Corp. to A SPAC (Holdings) Group Corp. on September 29, 2026.
- Buyer now holds 100% of the Sponsor, which directly holds 1,375,000 Class B ordinary shares and 277,000 Class A ordinary shares underlying private placement units.
- Those holdings equal approximately 80.0% of the Company's issued and outstanding ordinary shares.
- Yun Chen resigned as sole director of the Sponsor; Claudius Tsang, a director of the Buyer, replaced him and shares voting and investment discretion with Kam Chi Kin.
- No changes were made to the directors or officers of BEST SPAC I Acquisition Corp. itself.