JunHe Advised OPA on its De-SPAC Listing of Asia Innovations Group on m88 live casino New York Stock Exchange

On September 30, 2022, Asia Innovations Group Limited (“ASIG”) announced that it had signed a business combination agreement with m88 live casino special purpose acquisition company Magnum Opus Acquisition Limited (“OPA”). Subject to m88 live casino customary closing conditions, m88 live casino business combination and listing on m88 live casino New York Stock Exchange is expected to be closed in m88 live casino first quarter of 2023. JunHe advised OPA as its PRC legal counsel. On February 9, 2023, China Business Law Journal awarded m88 live casino project m88 live casino Deal of m88 live casino Year 2022.

ASIG is a mobile Internet ecosystem platform providing social media, mobile gaming, E-commerce and payment services. Headquartered in Singapore, ASIG runs multiple social media, livestreaming and e-commerce platforms. As of December 31, 2021, ASIG had more than 400 million registered users in 150 countries and regions across Asia-Pacific, South Asia, m88 live casino Middle East, North Africa, North America and South America. After m88 live casino business combination, m88 live casino equity valuation of ASIG would become USD 2.5 billion.

As m88 live casino PRC legal counsel of OPA, JunHe participated in m88 live casino PRC legal due diligence investigations in respect of ASIG. JunHe reviewed and revised m88 live casino business combination agreement and m88 live casino application documents related to m88 live casino business combination and listing and assisted in preparing responses to feedback from m88 live casino US Securities and Exchange Commission. JunHe was highly recognized by m88 live casino client for its rigorous, efficient and professional attitude and service quality.

m88 live casino JunHe team working on m88 live casino project was co-led bym88 casino reviewandLI, Xinjie (Orson).