Chenghe Acquisition II Co.
CHEB-UN
New York Stock Exchange Arca10.41
USD
+0.31
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Chenghe Acquisition II Co.
CHEB-UN
(New York Stock Exchange Arca)
Recent
price
10.41
P/E
ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Chenghe Acquisition II Co. (NYSE American: CHEB-UN), a blank check company incorporated in the Cayman Islands in 2024 and headquartered in Singapore, conducts no significant operations and focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities in any industry or geographic region, with an emphasis on growing companies in Asian markets or global companies with an Asia presence; it offers no current products or services beyond this SPAC structure. Chenghe targets sectors such as financial technology, technology-enabled financial services, artificial intelligence, big data, cloud, and blockchain in Asia excluding China, Hong Kong, and Macau, serving investors seeking exposure to high-growth opportunities via its initial public offering of units priced at $10.00, which raised $86.25 million in June 2024 underwritten by Cohen & Company Capital Markets as lead manager alongside Revere Securities and Chenghe Capital Management. In its most recent major development, Chenghe completed a reverse merger with Polibeli Group Ltd, an Indonesia-headquartered B2B e-commerce platform providing digital supply chain services including product procurement, channel distribution, logistics, brand operations, and digital marketing of consumer goods such as electronics, home appliances, toys, cosmetics, and healthcare products to retailers in Asia (initially Indonesia, Japan, Hong Kong) and Europe, on August 7, 2025, following shareholder approval on May 23, 2025; post-combination, Chenghe became a wholly owned subsidiary of Polibeli, whose Class A ordinary shares commenced trading on Nasdaq under ticker PLBL on August 8, 2025, resulting in CHEB delisting.