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

Okada Manila's parents are pushing to terminate the merger agreement for a US listing, accusing their SPAC partner of fraud and breaching US securities laws. Toji Takeuchi, a key figure in the dispute, is at the center of the allegations. Legal actions and potential fallout could impact the company’s future plans.

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Okada Manila Parents Seek to End Merger, Accuse SPAC Partner

Okada Manila's parent company aims to terminate its merger agreement for a U.S. listing, accusing its SPAC partner of fraud and breaching U.S. securities laws. The company, led by Toji Takeuchi, claims that the merger deal was undermined by illeg