Chenghe Acquisition III Co.
General Information | |
Business: | (Incorporated in the Cayman Islands)We intend to focus our search on growing companies in Asian markets or global companies with a presence or focus in Asia.Our co-sponsors are affiliated with Chenghe Group Ltd. (“Chenghe Group”), an investment holding company with an advisory practice, and a repeat SPAC sponsor which has backed and led multiple SPAC vehicles from the formation of such vehicles to consummation of their initial business combinations.Dr. Shibin Wang, our CEO and board chairman, has over 20 years of experience in sales and trading of structured financial products, cross-border financing and other capital market activities. His clients or counterparts have included major banks (China Development Bank, Industrial and Commercial Bank of China, Agriculture Bank of China and China Construction Bank), leading organizations (China National Offshore Oil Corporation and GCL-Poly Energy) and leading private equity firms (Hillhouse Capital and Greenwoods Asset Management). Dr. Wang has served as the chairman of the board of Chenghe Acquisition II Co. since April 2024 and as its CEO since January 2025. Dr. Wang has served as a co-founder business of Hong Kong Digital Asset Ex Ltd. (or “HKbitEX”), a regulated digital asset exchange in Hong Kong dedicated to providing regulatory-compliant and safe digital asset spot trading and over-the-counter trading services to professional investors in Asia, since December 2018. He has served as the chief executive officer and a board member of HKbitEX since April 2019. Under Dr. Wang’s leadership, the company was among the first organizations in the Asia-Pacific region to apply for a virtual asset trading platform license from the Securities and Futures Commission in Hong Kong.Dr. Wang also served as the CEO and director of Chenghe Acquisition Co. from April 2022 to February 2024 and the chairman of the board of Chenghe Acquisition I Co. from October 2023 to January 2025. In 2018, Dr. Wang advised the Intelligent Investment Chain Foundation on funding and ecosystem development. The Intelligent Investment Chain Foundation is a decentralized virtual asset management application developed based on Ethereum smart contracts with an ecology including quantitative funds, cross-chain wealth management wallets and media. Dr. Wang served Oriental Patron Financial Group as chief marketing officer from 2016 to 2018, when he led the company’s blockchain initiatives and fintech investments. Under Dr. Wang’s leadership, Oriental Patron made investments in DIDI Chuxing and CarbonX, organized a number of forums with leading institutions as well as established the Renminbi-denominated Fintech/Internet Plus fund, with Renminbi 3 billion of assets under management, in collaboration with Magnetic Capital in Shanghai. Dr. Wang was an executive director and head of China structure solutions at Deutsche Bank Hong Kong from 2010 to 2016. Prior to that, he worked at FICC Goldman Sachs from 2008 to 2010 and at China Development Bank managing a fixed-income portfolio from 2003 to 2008. Dr. Wang obtained a bachelor’s degree in international trading from Dongbei University of Finance & Economics, as well as a master’s degree in finance and a Ph.D. in economics, both from the Finance Institute of the People’s Bank of China.Lyle Wang, our CFO and a member of our board of directors, has considerable experience in finance and investment. Mr. Wang has served as the CFO of Chenghe Acquisition II Co. since April 2024 and as one of its directors since January 2025. He has also served as a member of Chenghe Group’s investment team since March 2023. Additionally, Mr. Wang served as the CFO of Chenghe Acquisition I Co. from June 2024 to January 2025. Mr. Wang obtained a bachelor’s degree in engineering from Northwestern Polytechnical University and a master’s degree in finance from The University of Hong Kong. Prior to joining Chenghe Group, Mr. Wang served as a client manager of the retail finance department at China Merchants Bank. Mr. Wang has in-depth knowledge of financial products and market analysis.(Note: Chenghe Acquisition III Co. filed its S-1 on July 3, 2025, and disclosed the terms for its SPAC IPO: 11 million units at $10.00 each to raise $110 million. Each unit consists of one share of common stock and one half of one redeemable warrant.)
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Industry: | BLANK CHECKS |
Employees: | 0 |
Founded: | 2024 |
Contact Information | |
Address | 38 Beach Road #29-11 South Beach Tower Singapore 189767 Tel: (65) 9851 8611 |
Phone Number | (65) 9851 8611 |
Web Address | |
View Prospectus: | Chenghe Acquisition III Co. |
Financial Information | |
Market Cap | $150.42mil |
Revenues | $0 mil (last 12 months) |
Net Income | $0 mil (last 12 months) |
IPO Profile | |
Symbol | CHEC.U |
Exchange | NASDAQ |
Shares (millions): | 11.0 |
Price range | $10.00 - $10.00 |
Est. $ Volume | $110.0 mil |
Manager / Joint Managers | BTIG/CBC Securities |
CO-Managers | |
Expected To Trade: | |
Status: | TBA |
Quiet Period Expiration Date: | Available only to Subscribers |
Lock-Up Period Expiration Date: | Available only to Subscribers |
SCOOP Rating | Available only to Subscribers |
Rating Change | Available only to Subscribers |