Tim Hortons’ China unit to merge with US-listed blank cheque company, opening a new path for Chinese firms to list in New York

Source: China – South China Morning PostThe operator of the Canadian doughnut-and-coffee chain Tim Hortons will list its China joint venture in New York via a merger with a special purpose acquisition company (SPAC), as the so-called blank cheque companies become the latest route to the capital markets following regulatory crackdowns and tighter rules by the United States and China.Tim Hortons China, known simply as Tims in the mainland market, will merge with Silver Crest Acquisition, a so-called blank cheque company backed by the…Read More

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