Congratulations to Aquila Acquisition Corporation (Aquila, stock code: 7836) on its successful listing on the Main Board of the Stock Exchange of Hong Kong Limited

18 March 2022

Aquila is the first IPO by a special purpose acquisition company (SPAC) in Hong Kong, it raised HKD1 billion in its IPO. Aquila intends to concentrate efforts on technology-enabled companies in ‘new economy’ sectors (such as green energy, life sciences and advanced technology and manufacturing) in Asia, with a focus on China.

BDO is delighted to be involved as reporting accountant for Aquila. Since the introduction of the SPAC system in 2022, a number of applicants submitted listing applications. We believe that the new system provides more comprehensive financing options and investment opportunities for investors, thereby enhancing the competitiveness of Hong Kong capital markets.