Okada Manila Parents Seek to End Merger Over Fraud Claims

Okada Manila's parents are seeking to terminate their merger agreement with a SPAC partner for a U.S. listing. They accuse the partner of fraud and breaching U.S. securities laws. The dispute involves key figures like Toji Takeuchi and raises concerns over corporate governance and financial transparency.

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Okada Manila parents looking to terminate merger agreement for US listing, accuse SPAC partner of fraud and breaching US securities laws – IAG
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Okada Manila parents looking to terminate merger agreement for US listing, accuse SPAC partner of fraud and breaching US securities laws – IAG

The operating entities of Philippines integrated resort Okada Manila have filed a series of counterclaims against US-based SPAC firm 26