IAG MAR 2023

IAG MAR 2023年3月 亞博匯 18 PROPOSED SPAC PARTNER 26 CAPITAL FILES LAWSUIT AGAINST OKADA MANILA ENTITIES FOR FAILURE TO PROMPTLY ACT ON MERGER 擬議SPAC合作夥伴26 CAPITAL起訴岡田 馬尼拉實體稱其未能及時對合併採取行動 The US-based Special Purpose Acquisition Company (SPAC) that has been planning a merger with the operating entities of Philippines integrated resort Okada Manila has filed a lawsuit against those entities claiming they have breached their obligations under their original merger agreement. According to details posted by Japan’s Universal Entertainment Corp – the ultimate parent company of Okada Manila – SPAC firm 26 Capital Acquisition Corp filed the lawsuit in the Delaware Court of Chancery on 2 February against Universal subsidiaries Tiger Resort Asia Ltd (TRAL), Tiger Resort, Leisure and Entertainment Ltd (TRLEI), UE Resorts International Inc (UERI) and Project Tiger Merger Sub Inc. The lawsuit alleges the entities breached the obligation to consummate the merger promptly under the original merger agreement and calls on the court to order such consummation to take place promptly. Universal said it plans to scrutinize the details of the suit and “properly deal with it”. Implementation of the lawsuit comes after UERI and 26 Capital announced in October a 12-month extension to the merger deadline from 1 October 2022 until 1 October 2023. The proposed merger, initially unveiled in October 2021, would see UERI become a publicly traded company on the NASDAQ, with (TRA) – the Hong Kong-registered company that owns 99.9% of Okada Manila operator TRLEI – to retain around 80% of the share capital. The extension to the original termination deadline was put in place after a group representing deposed Okada Manila founder Kazuo Okada forcibly took control of the property in May 2022. The Okada group maintained physical control for three months before the TRA-backed board regained control in September following a directive from Philippines gaming regulator PAGCOR. 總部位 於美國的特殊目的收購公司 (SPAC) 一直計劃與菲律賓綜 合度假村岡田馬尼拉的營運實體進行合併，並已提起訴訟，聲稱 這些實體違反了合併協議規定的義務。 根據日本環球娛樂公司（岡田馬尼拉的最終母公司）週二發 布的詳細信息，26 Capital Acquisition Corp於2月2日向特拉華 州衡平法院對環球子公司Tiger Resort Asia Ltd (TRAL)、Tiger Resort、Leisure and Entertainment Ltd (TRLEI)、UE Resorts International Inc (UERI)及Project Tiger Merger Sub Inc提起訴 訟。 該訴訟書稱，這兩家實體違反了根據原始合併協議迅速完成 合併的義務，並要求法院下令迅速完成合併。 環球娛樂公司表示，其計劃仔細審查訴訟的細節並「妥善處 理」。 該訴訟發生在UERI和26 Capital於10月宣佈，將合併截止日 期從2022年10月1日延長12個月至2023年10月1日之後。 擬議的合併最初於2021年10月公佈，計劃將UERI打造成納 斯達克上市公司，而TRA（一家在香港註冊的公司，擁有岡田馬 尼拉運營商TRLEI99.9%的股份）將保留約80%的股本。 在岡田馬尼拉的創始人於2022年5月強行控制該物業後， 原終止期限被延長。岡田集團維持了三個月的實際控制權，直至 TRA在菲律賓博彩監管機構PAGCOR的指示下於9月重新獲得控 制權。