CEBU, Philippines -- TenX Keane Acquisition, a China-based blank-check company, joins a flood of special purpose acquisition companies (SPACs) planning initial public offerings in the U.S., as it looks to raise $50 million to merge with an unspecified company.
The Asia-focused SPAC, led by Taylor Zhang, chief financial officer of Nasdaq-listed China XD Plastic, hopes for a valuation of $200 million to $600 million, according to its filing.
