Shareholders have approved the merger between Black Spade Acquisition Co, a SPAC created by the private investment arm of Melco Chairman Lawrence Ho, with Vietnam electric automaker VinFast.

Macau gaming billionaire Lawrence Ho’s investment company Black Spade Acquisition, a Special Purpose Acquisition (SPAC) company listed on the New York Stock Exchange has announced that its planned merger with Vietnam electric automaker VinFast has now been delayed, with the new target for the merger by July 20th of 2024.

Black Spade Capital, the private investment arm of Melco Chairman Lawrence Ho, has announced that it is entered into a ‘business combination agreement’ with Vietnamese smart electric vehicle group VinFast, to leverage its New York Stock Exchange listing to allow VinFast to list, with the company to have a total equity value of over $23 billion.

Melco Resorts & Entertainment CEO Lawrence Ho has been granted restricted shares worth $15.2 million as part of the company’s employee incentive plan.

A special purpose acquisition company (SPAC) backed by Melco’s Lawrence Ho has applied to raise capital in Hong Kong, becoming the 11th SPAC to do so on the Hong Kong Stock Exchange to date.

Melco Resorts & Entertainment Chairman Lawrence Ho is planning to launch a $150 million special purpose acquisition company (SPAC) on the New York Stock Exchange (NYSE).

Melco International Development said it has granted restricted shares worth just over $10 million to Chairman and CEO Lawrence Ho as an incentive to strive for the improvement of the business.

Melco Resorts Chairman and CEO Lawrence Ho told a conference call that he still sees Japan as “the best potential new gaming market globally.”

Macau’s failed ultra-luxury hotel The 13 has reopened its doors, despite its parent company having been declared bankrupt and a failed attempt at auctioning off the property last March.

Melco Resorts & Entertainment will partner with Our Legacy Creations (OLC) to revive the City of Dreams 'The House of Dancing Water' show.