Ace Global Business Acquisition II Ltd.

General Information

(Note: Ace Global Business Acquisition II Ltd. withdrew its SPAC IPO plans in an SEC filing dated Jan. 3, 2023. The SPAC filed its S-1 on Jan. 28, 2022. Each unit was to have consisted of one share of common stock and one-half of a redeemable warrant.) 

We currently intend to focus our efforts on sourcing opportunities in businesses that offer or integrate innovative solutions that contribute to the de-carbonization of the economy, or enable the global transition to a lower-carbon economy (collectively, “sustainable climate solutions”), as well as target businesses operating in the gaming and electronic commerce (e-commerce) sectors.(Incorporated in the British Virgin Islands) 

Eugene Wong, our CEO, has a wide range of experience both in the financial and gaming industries for over a decade. Prior to joining Whiz Partners Inc. in May 2013, a private equity firm in Japan and China, he worked in the financial industry, and gained expertise in mergers and acquisitions as well as investments. During his time at Whiz Partners from April 2017 to the present, he became the Chief Investment Officer of the China Hero Fund, an incubation program to support Chinese developers to create the next blockbuster console game on PlayStation 4. China Hero Fund is an exclusive collaboration with Sony Interactive Entertainment, one of the largest console gaming companies in the world. He personally oversaw the injection of multiple Japanese technology companies in audio middleware, debugging and testing and graphics renderings to improve the quality of games in this program. Through his leadership and management, he successfully executed ongoing China expansion strategies for portfolio gaming companies and ensure their successful game launch, as well as plan the exit strategy maximizing investors’ returns. Mr. Wong also serves as the Chief Executive Officer and Chairman of Ace Global Business Acquisition Limited, (Nasdaq: ACBA), a blank check company like our company that was formed to consummate an initial business combination. On August 25, 2021, ACBA announced that it entered into a merger agreement with DDC Enterprise Limited, a digital publisher and merchandiser company running the brand DayDayCook, a leading content-driven lifestyle and culinary brand that is now increasingly expanding their business in the sustainable food tech space with its launch of plant-based alternative protein products and food tech accelerator initiatives, enabling the transition of the Asian food supply chain to a more sustainable, low-carbon future. From 2012 to 2013, Mr. Wong has also worked as an investment analyst at International Finance Corporation, a member of the World Bank Group that has climate finance and ESG governance as one of their strategic investment pillars, where he gained experience in market analysis and creating valuations to identify favorable investment opportunities. Having served in multiple financial and executive roles in our target industries, his insights and experience will be invaluable to the consummation of our initial business combination. Mr. Wong is currently the Vice President of Whiz Partners and the Partner and Chief Investment Officer of the China Hero Project Fund.

Employees: 0
Founded: 2018
Contact Information
Address 6/F Unit B, Central 88, 88-98 Des Voeux Road Central, Hong Kong
Phone Number +852 8197 2572
Web Address
View Prospectus: Ace Global Business Acquisition II Ltd.
Financial Information
Market Cap $81.58mil
Revenues $0 mil (last 12 months)
Net Income $0 mil (last 12 months)
IPO Profile
Symbol TBA
Exchange NASDAQ
Shares (millions): 6.5
Price range $10.00 - $10.00
Est. $ Volume $65.0 mil
Manager / Joint Managers EF Hutton/ Brookline Capital Markets
Expected To Trade:
Status: Withdrawn
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change