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Ningbo Green Light Energy set to be Pakistan's first listing via SPAC: report
Renewable energy company Ningbo Green Light Energy is set to become the first company in Pakistan to go public through a blank-check vehicle, with its backdoor listing expected to be completed within weeks, its chief executive told Bloomberg. According to the report, the company, which imports solar equipment for renewable energy projects, is awaiting court approval for a reverse takeover of LSE SPAC-I Ltd., Chief Executive Officer Qasim Ningbo said. LSE SPAC-I, a subsidiary of LSE Capital Ltd., raised Rs250 million in May through an initial public offering and used the proceeds to acquire a 1...
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