TuDaTong receives important investment

Hong Kong SPAC company TechStar announced that it has signed a business merger agreement with Seyond Holdings Ltd. (TuDaTong) and its wholly-owned subsidiary Merger Sub to complete a special purpose acquisition company merger transaction (SPAC merger transaction). TuDaTong also introduced three PIPE investors with a total investment of approximately HK$553.1 million - among which Huangshan Construction Investment Capital invested HK$387.5 million, Fuce Group, which is wholly owned by well-known angel investor Gong Hongjia, invested HK$156 million, and Huagai Capital invested HK$7.8 million.