Hyphen in talks over US$1bil provident SPAC deal


HONG KONG: Hyphen Group, a financial technology firm backed by Hong Kong billionaire Richard Li, is in advanced talks to go public through a merger with blank-cheque company Provident Acquisition Corp, according to people familiar with the matter.

A transaction could value the combined company at about US$1bil (RM4bil), the people said, asking not to be identified because the matter is private.

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