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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