Black Spade Donates Art and Jewellery Collection To Hong Kong Red Cross
HONG KONG, Apr 25, 2024 – (ACN Newswire) – Black Spade Capital Limited (“Black Spade”), the family office of Mr. Lawrence Ho, is delighted to announce its donation of a stunning art and jewellery collection to the Hong Kong Red Cross (“Red Cross”). The gift represents Mr. Ho’s and Black Spade’s commitment to social responsibility and its unwavering dedication to creating a positive impact on the community.
The collection, comprising an array of 43 precious pieces from fine jewellery such as necklaces, pendants, brooches, jade to rare coins and stamps, highlights exceptional craftmanship and exquisite design. Whether these items showcase how Chinese culture is fused into everyday life through wearable art, or bear witness of momentous world events over the past several decades, they symbolise cultural heritage and are true embodiment of timeless elegance.
Mr Dennis Tam, President and CEO of Black Spade, said, “Black Spade is honoured to contribute this extraordinary collection to Red Cross. Red Cross has been serving the community since 1950 with a reputable track record of providing emergency relief and humanitarian aid. We firmly believe in the power of collective action to bring about meaningful change, and we are confident that this donation will make a significant difference in the lives of those in need. We hope that our contribution will inspire others to join us in our mission to create a brighter and more equitable future for all.”
Dr Lau Chor Chiu, Chairperson of the Hong Kong Red Cross, stated, “We sincerely thank Mr. Lawrence Ho and Black Spade for their generous donation. The Hong Kong Red Cross will use these art collections to support its fundraising efforts and further advance our humanitarian work, such as providing emergency disaster relief and preparedness, community health, humanitarian engagement, and special education and rehabilitation services for vulnerable communities. We hope this inspiring act of generosity will encourage more individuals and organizations to support our work and act together to build a safer, healthier and more cohesive community.”
Photo caption:
From the left: Mr. Dennis Tam, President and CEO of Black Spade and Dr Lau Chor Chiu GMSM, MH, JP, Chairperson of the Hong Kong Red Cross
About Black Spade Capital Limited
Black Spade Capital Limited is an established family office that manages the private investments of Mr. Lawrence Ho. Headquartered in Hong Kong, its global portfolio consists of a wide spectrum of cross-border investments as it consistently seeks to add new projects and opportunities to its investment mix. Black Spade’s investment strategy maximizes coverage of geographic regions and sectors whilst maintaining a portfolio of diversified asset classes, ranging from equity, fixed income, medical technology, leisure and culture, green energy, real estate to Pre-IPO investments. In August 2023, Black Spade Acquisition Co, a blank check company (SPAC) sponsored by Black Spade, completed a US$23 billion business combination with VinFast Auto Ltd.
About the Hong Kong Red Cross
Established in 1950, the Hong Kong Red Cross is part of the International Red Cross and Red Crescent Movement and the world’s humanitarian network serving over 190 countries. It dedicates itself to motivating people from all walks of life to put humanitarian spirit into action. With services in four main areas, namely, “Emergency Relief and Disaster Preparedness”, “Community Health Service and Education”, “Humanitarian Engagement and Education”, and “Special Education and Rehabilitation”, it provides a diversified humanitarian platform for Hong Kong citizens. Please visit www.redcross.org.hk for details.
Topic: Press release summary
Black Spade Capital Launches its First Ever Limited Edition Gift Set with L’OCCITANE en Provence Product
This Easter, Black Spade Capital Limited (“Black Spade Capital”) is giving the gift of wellbeing to its friends and business partners. This initiative also marks the first ever cross-over of the family office founded by Mr. Lawrence Ho with the leading French beauty and well-being house.
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| Black Spade X L’OCCITANE Gift Box |
Mr. Dennis Tam, President and CEO of Black Spade Capital, said, “It was a rewarding experience to see this idea turn from concept to reality. Black Spade Capital has always had a keen focus on the lifestyle and leisure space. L’OCCITANE, whose wide range of signature products are loved by so many around the world, is undoubtedly one of the most iconic brands in this sector. We enjoyed every bit of the process, from curating this collection to designing the gift set artwork. We put a lot of thought into deciding the theme of the gift set – we are very pleased with the final result and adore the revitalizing scent of this collection which, in my opinion, is particularly fitting for springtime. We believe our exclusive collection, available only in a limited quantity of 250 boxes, will be equally enjoyed by its recipients.”
“We are very excited about this idea and hope that this meticulously crafted gift set will send our best wishes to our friends and associates – at a time when personal well-being is more important than ever,” added Mr. Tam.
About Black Spade Capital Limited
Black Spade Capital Limited (“Black Spade Capital”) is an established family office managing the private investments of Mr. Lawrence Ho. Headquartered in Hong Kong, its global portfolio consists of a wide spectrum of cross-border investments as it consistently seeks to add new projects and opportunities to its investment mix. Black Spade Capital’s investment strategy maximizes coverage of geographic regions and sectors whilst maintaining a portfolio of diversified asset classes, ranging from equity, fixed income, medical technology, leisure and culture, green energy, real estate to pre-IPO investments. In July 2021, Black Spade Acquisition Co (NYSE: BSAQ), a special purpose acquisition company of which a subsidiary of Black Spade Capital is sponsor, was listed on the New York Stock Exchange.
Media Enquiries:
Strategic Financial Relations Limited
Vicky Lee Tel: +852 2864 4834 Email: vicky.lee@sprg.com.hk
Christina Cheuk Tel: +852 2114 4979 Email: christina.cheuk@sprg.com.hk
Website: www.sprg.com.hk
Topic: Press release summary
Black Spade Acquisition Co Announces Pricing of $150 Million Initial Public Offering
Black Spade Acquisition Co (the “Company”) today announced the pricing of its initial public offering of 15,000,000 units at a price of $10.00 per unit. The units are expected to be listed for trading on the New York Stock Exchange (the “NYSE”) under the ticker symbol “BSAQU” beginning July 16, 2021. Each unit consists of one of the Company’s Class A ordinary shares and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Company expects that its Class A ordinary shares and warrants will be listed on the NYSE under the symbols “BSAQ” and “BSAQWS,” respectively.
The Company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or assets. Although the Company may pursue an initial business combination opportunity in any industry or any region, it is focused on identifying a business combination target that can benefit from the extensive collective network, knowledge and experience of the Company’s founder and management team that is related to or in the entertainment industry, with a focus on enabling technology, lifestyle brands, products, or services and entertainment media. While the Company intends to pursue opportunities globally, it will focus on opportunities with existing or future growth potential underpinned by the transformative consumption forces in Asia, an area in which its founder and management team can contribute significantly with their extensive network, knowledge and experience.
Citigroup Global Markets Inc. is acting as the sole bookrunner for this offering. JonesTrading Institutional Services LLC and Loop Capital Markets LLC are acting as co-managers for this offering. The Company has granted the underwriters a 45-day option to purchase up to 2,250,000 additional units at the initial public offering price to cover over-allotments, if any.
The public offering is being made only by means of a prospectus. When available, copies of the prospectus relating to the offering may be obtained from Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, via telephone at 1-800-831-9146 or via email prospectus@citi.com.
A registration statement relating to the securities became effective on July 15, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is expected to close on July 20, 2021, subject to customary closing conditions.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and the Company’s plans with respect to the target industry for a potential business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the Company will ultimately complete a business combination transaction. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s offering filed with the U.S. Securities and Exchange Commission (the “SEC”). Copies of these documents are available on the SEC’s website, at www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contact:
Black Spade Acquisition Co
Lea Sze Tel: +852 3955 1316 Email: lea.sze@blackspadeacquisition.com
Suite 2902, 29/F, The Centrium, 60 Wyndham Street, Central, Hong Kong
Media Enquiries:
Strategic Financial Relations Limited
Vicky Lee Tel: +852 2864 4834 Email: vicky.lee@sprg.com.hk
Angela Wong Tel: +852 2114 4953 Email: angela.wong@sprg.com.hk
Christina Cheuk Tel: +852 2114 4979 Email: christina.cheuk@sprg.com.hk
Website: http://www.sprg.com.hk/
Topic: Press release summary
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