Prenetics is set to merge with Artisan Acquisition, a special purpose acquisition company backed by Hong Kong billionaire Adrian Cheng, a source told CNBC.
Prenetics is a diagnostic and genetic testing company with significant operations in Hong Kong and the U.K.
Signage for Prenetics, a Hong Kong-based biotechnology company, at the company's laboratory in Hong Kong, China, on Jan. 26, 2018.Hong Kong biotech company Prenetics is set to merge with Artisan Acquisition, a special purpose acquisition company backed by Hong Kong billionaire Adrian Cheng, according to a source close to the deal.
The transaction is expected to close by the end of this year. UBS, Citi, Credit Suisse and CICC are financial advisors on the potential de-SPAC transaction.
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