Okada Manila Parents Seek to End Merger, Accuse SPAC Partner of Fraud

Okada Manila's parent company is seeking to terminate its merger agreement with a SPAC partner, citing accusations of fraud and violations of U.S. securities laws. The company claims that the partner, led by Toji Takeuchi, breached key terms of the deal. The dispute raises concerns over corporate governance and legal compliance, with the future of Okada Manila's U.S. listing now uncertain.

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Okada Manila Seeks to Abort SPAC Deal, Alleging Fraud & Violations

Okada Manila is moving to abort its SPAC merger, accusing its partner of fraud and breaching U.S. securities laws. Toji Takeuchi, a key figure in the dispute, is at the center of the allegations, raising concerns over the deal's integrity and legal compliance.

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Confronting Fraud Allegations: Okada Manila's Bid to Exit SPAC Agreement

Okada Manila's parents are seeking to terminate their SPAC partnership, alleging fraud and breaches of US securities laws by their partner. This move, involving key figure Toji Takeuchi, highlights significant tensions in the gaming industry.

See here:https://asgam.com/2023/03/19/o....kada-manila-parents-

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Allegations of Fraud: Okada Manila Seeks to Cancel SPAC Partnership

Okada Manila's parents aim to terminate their merger with a SPAC for a US listing, alleging fraud and violations of US securities laws. Toji Takeuchi is at the center of the controversy as legal tensions rise over the agreement's legitimacy.

Visit here: https://www.asgam.com/index.ph....p/2023/03/19/okada-m

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Okada Manila Wants Out of SPAC Deal, Accuses Fraud & Breach

The operating entities of Philippines integrated resort Okada Manila have filed a series of counterclaims against US-based SPAC firm 26 Capital Acquisition Corp, seeking to terminate a previously planned merger agreement that would have seen the company listed on the NASDAQ.

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