Panoramic: Automotive and Mobility 2025
Hogan Lovells advises Polibeli in its de-SPAC transaction and Nasdaq listing
Press releases
| 18
August
2025
Hong Kong, 18 August 2025 – Global law firm Hogan Lovells acted as international legal counsel to Polibeli Group Ltd (“Polibeli”) in connection with its de-SPAC transaction with Chenghe Acquisition II Co. (NYSE: CHEB) (“Chenghe”), a publicly-traded special purpose acquisition company. On 8 August 2025, Polibeli Group Ltd completed its business combination with Chenghe and was officially listed on the Nasdaq Stock Exchange under the ticker symbol “PLBL.”
Polibeli is a leading digital supply chain services and distribution-sales provider with business operations in a number of countries around the globe, including Japan, Indonesia, Singapore, Korea, the US, France and Italy. The company offers end-to-end solutions including products procurement, channel distribution, logistics services, brand operations, and digital marketing services to both upstream and downstream business partners.
The Hogan Lovells team was led by partner and Head of Private Equity in Greater China, Stephanie Tang, with support from Jakarta corporate partner Mochamad Kasmali, Tokyo M&A partner Jacky Scanlan-Dyas, Boston tax partner Nicola Lemay, New York capital markets partner Richard Aftanas, and New York litigation partner William Regan, along with their respective teams.
In recent years Stephanie Tang has led over 20 U.S. IPOs for Chinese companies, combined with 31 going-private transactions of U.S.-listed companies based in China and Asia Pacific region (many of these companies have successfully re-listed on China's A-share market after privatization), as well as a number of de-SPAC transactions. We have established a widely recognized market-leading position in M&A of U.S.-listed companies and U.S. public company work.
