GalaxyEdge signs merger deal with waste sorting provider Rongcheng Group Limited

GalaxyEdge Acquisition

GalaxyEdge Acquisition

GLED

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  • Rongcheng Group agreed to merge with GalaxyEdge Acquisition in a deal that would leave GalaxyEdge’s subsidiary as publicly traded parent of combined company.
  • Transaction implies pre-money equity value of about USD 350 million for Rongcheng.
  • Rongcheng provides integrated waste-sorting services built around consultation, implementation support, training.
  • Closing conditions include shareholder votes, effectiveness of SEC registration statement, stock exchange clearance for listing of combined company.


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