4 years ago

Malacca Straits Acquisition Company MLACU

https://octopusmoneymultipliers.com/2020/07/23/malacca-straits-acquisition-company-mlacu/

1 Common ½ Warrant
125M
18Mo
Cayman Islands ( ya Man )
Name (Strait of Malacca, which separates Malaysia and Indonesia), prospectus, and management's experience suggests looking in ASEAN countries for targets, not China. 649M population!

Target Murse Under 500M most likely
$9.2 Cresent
Target:

TEAM
Kin Chan - Mr. Chan was an Executive Director at Goldman, Sachs & Co, where he worked in Hong Kong, New York, and Singapore. A Hong-Kong listed natural resources company

CEO, Kenneth Ng45
, is involved in an electric powertrain engineering consultancy, Sprint Power Technology Limited, and his firm was a large investor in a solar wafer manufacturer, Comtec Solar, that had facilities in Malaysia. Electrolux vacuums

Collectivly they have worked on:

Comstar Automotive Technologies Pvt. Ltd: One of the leading multinational automotive ancillary companies engaged in the design and manufacture of starting and charging systems for global passenger car and light commercial applications with its main manufacturing base in India and an assembly line in China. ASM, together with the Chandaria family, acquired Comstar (formerly Visteon Powertrain) from Visteon Corporation before the financial crisis in 2008 when Visteon was facing liquidity problems. The Chandaria family own Comcraft Group, an Indian conglomerate with annual revenue of approximately $2 billion. ASM and its co-investor improved Comstar’s performance to the point that they recovered all of their respective investment costs from dividends driven by strong operating cash flow throughout the investment period. Comstar was successfully sold to Blackstone for $140 million in early 2018, earning a substantial overall return for the co-investors.

One of Indonesia’s biggest conglomerates, which owns a top ramen noodle manufacturer in Indonesia and the largest convenience store chain in Indonesia with more than 17,000 outlets in 2019. In 2015, ASM participated in a $1 billion investment for the Salim Group’s consumer service business. [...] In May 2020, First Pacific, the Hong Kong-listed platform of Salim Group, announced a $3 billion acquisition of Pinehill Group, a Middle East/ Africa focused instant noodle business. ASM’s managed fund was one of the sellers.

Target:
specifically include renewables
businesses which are currently part of Southeast Asian business conglomerates in the media, food processing, renewable energy and healthcare industries, which we believe can be positioned for success in Southeast Asian markets, as well as other Asian markets and beyond.
The management team has worked together before across the region, one of their deals involved a company that manufactures starters, alternators, and motors (including for EVs/hybrids)
Automotive Technologies Pvt. Ltd One of the leading multinational automotive ancillary companies engaged in the design and manufacture of starting and charging systems for global passenger car and light commercial applications with its main manufacturing base in India and an assembly line in China.
Speculation:
Anyone have any other ideas I didn’t bring up?

https://www.sec.gov/Archives/edgar/data/1807594/000121390020017495/f424b40720_malaccastraits.htm#T09
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