ADVISORY, Oct. 15, 2015 (GLOBE NEWSWIRE) --
Pacific Special Acquisition Corp. (Nasdaq:PAACU), a newly organized blank check company, will visit the Nasdaq MarketSite in Times Square to celebrate its recent initial public offering (IPO).
In honor of the occasion, James Tu, Chairman of the Board of Directors will ring the Opening Bell.
Nasdaq MarketSite – 4 Times Square – 43rd & Broadway – Broadcast Studio
Thursday, October 15, 2015 – 9:15 a.m. to 9:30 a.m. ET
Pacific Special Acquisition Corp. Media Contact:
Fiber Line (Encompass Waterfront): 4463
Gal 3C/06C 95.05 degrees West
18 mhz Lower
DL 3811 Vertical
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A webcast of the Nasdaq Opening Bell will be available at: https://new.livestream.com/nasdaq/live or http://www.nasdaq.com/about/marketsitetowervideo.asx
To obtain a hi-resolution photograph of the Market Open, please go to http://www.nasdaq.com/reference/marketsite_events.stm and click on the market open of your choice.
About Pacific Special Acquisition Corp. (Nasdaq:PAACU):
Pacific Special Acquisition Corp. (Nasdaq:PAACU) is a newly organized blank check company incorporated in the British Virgin Islands. Although not limited to a particular industry or geographic region for purposes of consummating an initial business combination, Pacific Special Acquisition Corp. intends to focus on businesses that have their primary operations located in Asia (with an emphasis on China).
PAACU is backed up by the Pacific Securities Co. Ltd (601099.SH), or Pacific Securities, a public listed investment bank on the Shanghai Stock Exchange. Pacific Securities is a full-service investment bank and a provider of financial, advisory, investment, and funds management services, primarily in China. Founded in 2001, Pacific Securities operates in 63 office locations in mainland China and Laos now, employs more than 1,000 people and has a market capitalization of over $4 billion. PAACU’s sponsor is Zhengqi International Holding Limited, or Zhengqi, an affiliated subsidiary business entity to Pacific Securities and Zhengqi will be engaging in identifying or locating any suitable acquisition candidate, to conduct any research or take any measures to locate or contact a target business for PAACU.
PAACU believes that its relationship with Pacific Securities will enable PAACU to take advantage of its extensive relationships with equity investors and lenders, and its experience securing equity and debt financing in order to provide additional capital. Pacific Securities has significant investing experience in the international market and has leveraged its relationships to source and execute potential deals, including its execution capabilities, extensive transaction experience, and well-established deal sourcing network, unique positioning, strong financial position and flexibility.
Chinese companies are seeking to access the global capital market. Pacific Securities will continue to establish a series of special purpose acquisition companies to acquire fast-growth and high-quality business to bring the prosperous returns to the global investors.
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