Polibeli Group LTD

Polibeli Group Ltd, a leading digital supply chain services platform, and Chenghe Acquisition II Co., a SPAC, have announced a potential business combination aimed at creating a publicly traded entity focused on expanding digital procurement and distribution services across Asia and Europe.

Polibeli Group Ltd., an Asia-focused B2B e-commerce company, is set to potentially go public in the U.S. through a SPAC merger with Chenghe Acquisition II Co., with a shareholder vote scheduled for later this month.

A group of investors, led by Xingyun International Company Limited, has disclosed beneficial ownership of 98.26% of Polibeli Group Ltd's ordinary shares, representing 99.19% of total voting power.

Harraden Circle Investments and related entities have reduced their beneficial ownership in Polibeli Group Ltd's Class A Common Stock to 0.81%, triggering an exit filing.