Hunter Maritime Acquisition Corporation, a dry bulk vehicle created by the Saverys family two years ago, has entered into a definitive agreement to complete a business combination with NCF Wealth Holdings, a Chinese fintech company.
The company has established a wholly-owned subsidiary that will acquire NCF by way of merger in an all-stock transaction.
The total value of the transaction is $2bn and Hunter has agreed to issue 200m new shares to the shareholders of NCF to close the merger.
NCF is a fintech company in China. Among other businesses, NCF operates an online consumer and business finance marketplace in China focused on facilitating the origination of debt financing by directly connecting individual and commercial borrowers with lenders as an alternative to traditional lending sources.
The company expects to complete the deal before April 23, 2019.