Okada Manila Entities Sue to Cancel 26 Capital Merger
The operating entities behind Okada Manila have filed counterclaims against U.S.-based SPAC 26 Capital Acquisition Corp, aiming to terminate a prior merger deal intended to list the resort on NASDAQ. The legal move marks a major turn in the halted \$2.5B merger, raising questions about the deal's future and corporate governance at the high-profile Philippine resort.
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