Core Points - Ace Global Business Acquisition Limited has mutually terminated its Business Combination Agreement with LE Worldwide Limited due to concerns over LE Worldwide's operational viability post-business combination [1][2] - The termination was influenced by significant declines in LE Worldwide's business revenue, liquidity issues, and uncertainty regarding the supply of its products [2] - Following the termination, Ace Global Business Acquisition Limited will liquidate and dissolve, redeeming all issued ordinary shares from public shareholders [3] Company Overview - Ace Global Business Acquisition Limited is a special purpose acquisition company formed to effect mergers, share exchanges, asset acquisitions, and similar business combinations with other entities [4]
Ace Global Business Acquisition Limited Announces Mutual Termination of Merger Agreement and Redemption of Ordinary Shares