(Note: Hony Capital Acquisition Corp. withdrew its SPAC IPO in an SEC filing dated April 28, 2022. This Hong Kong-based special-purpose acquisition company (SPAC), or blank-check company, filed its S-1 on March 23, 2021, with initial plans to offer 30 million units at $10 each to raise $300 million. Hony Capital Acquisition Corp. downsized its SPAC IPO to 20 million units – cutting the deal’s size by a third – and kept the price at $10 each – to raise $200 million, in an S-1/A filing dated June 16, 2021.)

From the prospectus – S-1/A filing dated June 16, 2021:

We intend to focus on technology enabled companies in the healthcare and consumer sectors in China or a global or regional company in these sectors with a strong nexus or growth potential in China. We believe that China has significant growth potential, as China is one of the first major economies to return to growth during the COVID-19 pandemic, recently posting a GDP expansion of 6.5% in the fourth quarter of 2020. In 2019, China contributed approximately 17% to the world’s GDP. (Incorporated in the Cayman Islands)