Newly organized BVI company announced US$50 million public offering

Bison Capital Acquisition (BCACU), a newly organized blank check company registered in the British Virgin Islands and headquartered in China, announced its plans to raise US$50 million in an initial public offering (IPO) on the week starting with June 19th. Bison Capital will issue 5,000,000 shares at the price of US$10.00 per share. Market capitalization of the company is US$53.8 million.

Bison Capital Acquisition was incorporated in the BVI as a business company with limited liability, and has the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation with, or engaging in other similar business combinations with one or more businesses. The company is planning to focus on businesses operating in Asia and North America, however it is not limited to particular industry or area. It was established in 2017 and has 3 employees.

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