Chinese personal care products maker Big Tree Cloud in $500m SPAC deal for US listing

Chinese personal care products maker Big Tree Cloud in $500m SPAC deal for US listing

The Nasdaq logo is displayed at the Nasdaq Market site in Times Square in New York City, U.S., December 3, 2021. REUTERS/Jeenah Moon

U.S. blank-check firm Plutonian Acquisition Corp agreed to merge with Big Tree Cloud International Group for the Chinese personal care products company to go public in a deal that will value the combined enterprise at about $500 million.

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