Able View Announces Combination Agreement with Hainan Manaslu Acquisition

Consumer Staples Author: Fuller Wang, Yahoo Nov 22, 2022 04:12 PM (GMT+8)

Founded in Hong Kong in 2015, Able View Inc. is a leading cross-border brand management company focusing on beauty and personal care segments.

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On November 22, 2022, Able View Inc.+, a leading cross-border brand management company, announced that on November 21, 2022, Able View entered into a definitive business combination agreement with Hainan Manaslu Acquisition  (HMAC: NASDAQ), a Cayman Islands special purpose acquisition company. The parent company following the consummation of the business combination will be a new Cayman Islands holding company (Pubco) called Able View Global Inc. and will be led by Zhu Jian, Founder and Chief Executive Officer of Able View. Pubco’s ordinary shares are expected to be listed on the Nasdaq Capital Market.

Founded in Hong Kong in 2015, Able View Inc. is a leading cross-border brand management company focusing on beauty and personal care segments. Able View’s full-service solution encompasses all aspects of the brand management value chain, covering marketing strategy, branding, digital and social marketing, omnichannel sales, customer service, oversea logistics, warehouse and fulfillment to help global brands enter, grow and succeed in China. Leveraging its full-service capability and industry know-how, Able View usually engages with the brands as an exclusive agent selling cross-border products to end customers in China across all channels.

Focusing on beauty and personal care segments, Able View now serves a portfolio of well-known brands in various functional vertical market segments. Able View continues to engage additional brands new to China while leveraging its capability to help managed brands navigate through continuing challenges imposed by COVID-19. With a steady business performance, Able View engaged two new brands during 2021 and has grown its brand portfolio to 10 brands as of December 31, 2021.