Toji Takeuchi
Okada Manila's parent company aims to cancel its merger with a SPAC for a US listing, alleging fraud and violations of US securities laws by its partner, Toji Takeuchi. This move raises significant questions about the future of the proposed listing and financial integrity.
The operating entities of Philippines integrated resort Okada Manila have filed a series of counterclaims against US-based SPAC firm 26 Capital Acquisition Corp, seeking to terminate a previously planned merger agreement that would have seen the company listed on the NASDAQ.
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