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Chenghe Acquisition II Co. Class A ( (CHEB) ) has provided an update.
On September 16, 2024, Chenghe Acquisition II Co., a Cayman Islands exempted company, announced a Business Combination Agreement with Polibeli Group Ltd, which will result in Chenghe becoming a wholly-owned subsidiary of Polibeli. On May 28, 2025, Chenghe and Polibeli entered into a Prepaid Share Forward Agreement with Harraden Circle Investors, allowing the purchase of up to 3 million Class A ordinary shares of Chenghe. This agreement outlines financial arrangements and share transactions that will impact the company’s financial structure and stakeholder interests.
More about Chenghe Acquisition II Co. Class A
Average Trading Volume: 97,868
Technical Sentiment Signal: Strong Sell
Current Market Cap: $73.71M
See more insights into CHEB stock on TipRanks’ Stock Analysis page.