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Ace Global Business Acquisition Limited (ACBA)

Ace Global Business Acquisition currently trades with the ticker symbol ACBAU
Stock Price: $10.07 USD -0.10 (-0.97%)
Updated Apr 9, 2021 4:00 PM EDT - Market closed
Ace Global Business Acquisition Limited
Country Hong Kong
Founded 2020
IPO Date Apr 6, 2021
Industry Blank Checks / SPAC
CEO Eugene Wong

Contact Details

Address:6/F Unit B, Central 88, 88-98 Des Voeux Road
Central
Hong Kong
Phone +852 9086 7042

Stock Information

Ticker Symbol ACBA
Exchange NASDAQ
Reporting Currency US Dollars
IPO Price $10.00
CIK Code 1844389

Company Description

Ace Global Business Acquisition is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities.

We intend to capitalize on the management team’s network and focus our search on target businesses operating in the Greater China, Japan and Southeast Asia regions, focusing on the gaming and e-commerce sector.

According to Newzoo, a global provider for games market insights and analytics, the global games market is estimated to be worth $189.3 billion in 2021 with 2.8 billion gamers, and will exceed $200 billion by the end of 2023.

Asia-Pacific has the largest market share in the browser gaming industry, accounting for 51% of the global browser games market size as of 2020. Our team is led by Mr. Eugene Wong, Chief Executive Officer, who is currently the Vice President of Whiz Partners, a private equity firm, and the Partner and Chief Investment Officer of the China Hero PJ Fund, an incubation program to support Chinese developers to create the next blockbuster console game.

Key Executives

NamePosition
Eugene WongDirector, Chief Executive Officer, and Chairman
Nicholas Xue-Wei TanChief Financial Officer
Robert MorrisIndependent Director
Yan XuIndependent Director
Leslie ChowIndependent Director