Greenland Acq GLACU =1C, 1R, 1W to buy 1/2C
Trust = $10.00 ~ $44mm at JPMorgan Chase Bank, Trustee Continental
Warrant terms: 2 + $11.50 per S1.
Deadline 12 months. Extendable to 21 mo. Adds 10 cents / 3-mo. period.
Closed July 27, 2018, 4,400,000 units including Overalot.
If we are unable to consummate our initial business combination within the above time period, we will distribute the aggregate amount then on deposit in the trust account, net of taxes payable, and less up to $50,000 of interest to pay liquidation expenses
Yanming Liu has served as our Chairman and Chief Executive Officer since our inception. Mr. Liu has served as President of CoAdna (Suzhou), a fiber optics solutions company in China, since March 2013. From November 2010 to February 2013, Mr. Liu served as President of two optical access business units of HiSense Broadband and Multimedia Technologies, an optical communications company. From March to October 2010, Mr. Liu served as a senior advisor to EJ McKay & Co., Inc. with respect to various technology matters. From August 2005 to February 2010, Mr. Liu served as President and Chief Executive Officer of Salira Systems Inc., a producer of optical access products in China and the U.S. Previously, Mr. Liu served as an executive of Optovia Corporation and Walsin Management Company. In addition, from 1993 to 2001, Mr. Liu worked in various roles for Corning Incorporated, most recently as Director of Communications Electronics and Integration, where his roles included invention of Corning’s award-winning patented LEAF fiber product and marketing such product in China and other markets. Mr. Liu received a bachelor degree from Tianjin University in China, a MBA degree from the MIT Sloan School of Management and a Ph.D. and a MA degree from Princeton University. We believe Mr. Liu is well qualified to serve on our board of directors because of his extensive knowledge and experience operating companies in the U.S. and China.
River Chi has served as our Chief Financial Officer since June 2018. Mr. Chi has served as the Chief Executive Officer of Alum Developing (Shanghai), Inc., a distributor of alloys in China, since November 2017 and previously served as the company’s Chief Operating Officer starting in 2013. From 2007 until 2012, Mr. Chi served as the operations manager of Salira (China) Network System Inc., where he worked with Mr. Liu. From 2005 to 2007, Mr. Chi served as project manager for AsteelFlash Electronics (Shanghai) Co., Ltd., an international electronic manufacturing services company. From 2003 to 2005, Mr. Chi served as manufacturing engineer for Darfon Electronics (SuZhou) Co., Ltd., a manufacturer of telecommunication components and precision devices. Mr. Chi received a bachelor degree from Northeastern University and a MBA from Shanghai Jiao Tong University.
Jerry Zheng has served as our Chief Operating Officer since our inception. He has served as the founding partner and CEO of MIF China Services Limited since 2013. Previously, Mr. Zheng served as an Executive Director at JP Morgan from 2011 to 2014, Vice President at Fullerton Financial Holdings from 2006 to 2012 and Senior Manager at CITIC Securities from 2000 to 2003. Mr. Zheng acted as financial advisor to complete numerous M&A and financing transactions, including Shenzhen Energy Group’s acquisition of Shen Neng Energy Management Co., Ltd. for RMB 7.6 billion, JP Morgan’s investment in China's Bridge Trust Company, FFH’s acquisition of Yantai Commercial Bank and CITIC Guoan Group’s acquisition of Hunan Province Cable TV Networks. Mr. Zheng holds a Bachelor of Science from Beijing Normal University and a Masters Degree and Ph.D. of Economics from Renmin University of China.
Tang Tao will serve as a member of our board of directors on the effective date of the registration statement of which this prospectus is a part. Mr. Tao has served as a partner of BDO China, headquartered in Shanghai, which he joined in 2010. Previously, for 12 years, Mr. Tao served as an international business partner responsible for serving China companies listing abroad and cross border transactions, assurance and advisory work, for Arthur Andersen, PricewaterhouseCoopers and Ernst & Young. Mr. Tang’s clients cover a broad range of industries, including manufacturing and distribution, real estate, retail, automobile, logistics, pharmaceutical, mining and financial services. In 2008, Mr. Tang was awarded the “Top 10 Excellent CPA of Shanghai”. In addition, Mr. Tang has been appointed by the Chinese Institute of Certified Public Accountants (CICPA) as a member of Professional Technique Instruction Experts committee and one of the expert advisors on the Reform of CICPA Examination. Mr. Tang is also a member of East & Central China Committee of CPA Australia. Mr. Tang is a fellow member of CPA Australia and the Chinese Institute of Certified Public Accountants. In 2007, he was selected to join the International Partnership Program organized by CPA Australia and MOF of China, where he received intensive training in Australia. Mr Tang holds a bachelor degree in Finance from Fudan University. He is also a CFA Charter holder and a regular member of the Hong Kong Society of Financial Analysts Limited. Mr. Tang is a master tutor of International Finance Department of Fudan University. We believe Mr. Tang is well qualified to serve on our board of directors because of his extensive experience with accounting matters relating to cross-border companies in M&A transactions.