Sinosun Subic Bay Holdings Corporation and American General Business Association Sign Overseas Cooperation Agreement

 

December 17, 2021, Sinosun Subic Bay Holdings Corporation and American General Business Association (AGBA) held a virtual ceremony to celebrate the successful signing of the Overseas Cooperation Agreement to bring more Philippine and Southeast Asian companies onto NASDAQ through SPAC arrangements.

Dr. Samuel Lim, Chairman of Sinosun together with his international team of capital markets professionals and local partners attended the ceremony, while Mr. Liu Boheng, Chief Representative of AGBA Asia Pacific region, Directors of AGBA and their representatives in Beijing attended the ceremony accompanied by Ms. Wang Xinping, CEO of Sinosun Group China.

Through the agreement, Sinosun will provide services and access to qualified Southeast Asian enterprises to be listed on NASDAQ. Priority will be given to small and medium enterprises located in special economic zones and Freeports affiliated with Sinosun. This development is timely to support the International Financial Center (IFC) proposed by Sinosun. It will certainly attract major international financial institutions and related services companies to be based in the IFC as financial solutions will be offered to existing and new locators.

“With the advantages of SPACs, the opportunity to be listed on NASDAQ and the benefits of doing business in special economic zones and Freeports, I am certain Sinosun will be able to effectively attract more domestic and foreign SMEs into this region,” said Dr. Lim.

Aside form SPAC listings, SMEs in the Freeports can also digitize their physical assets with the assistance of Sinosun’s digital asset exchange. This could attain the perfect combination of physical projects with traditional financing as well as digital financing. We believed that this cooperation would bring great benefits to all related parties, including the business community in the Special Economic Zones and Freeports.