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PET cup and lid maker Broadway Technology, through Zhejiang Gaokai New Materials, signed a merger agreement with SPAC Quartzsea Acquisition Corporation. The combined company, Cuisine Universal Packaging Solution, is expected to list on Nasdaq as CUPS.
“Broadway Technology Inc ('Gaokai'), a leading manufacturer of high-quality PET cups and lids through its operating subsidiary Zhejiang Gaokai New Materials Co., Ltd., announced the execution of an Agreement and Plan of Merger.”globenewswire.com
Summarized from public sources; check the original articles before acting on it.