# Chenghe Acquisition II Co. (CHEC)

**Exchange:** NASDAQ  
**Sector:** Financial Services  
**Price:** $10.15

> Chenghe Acquisition II Co. is a blank check company, also known as a special purpose acquisition company (SPAC), established in 2024 and incorporated as a Cayman Islands exempted company. Its primary function is to facilitate a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. While Chenghe Acquisition II Co. is permitted to target businesses in any industry or geographic area, its strategic focus has been on identifying opportunities in growing Asian markets or global companies with an Asian presence, particularly within the financial technology and technology-enabled services sectors. The company was created with no significant operations of its own, instead serving as a vehicle to bring a private company public or to catalyze corporate restructuring through the capital markets. Chenghe Acquisition II Co. raised $86.25 million in its initial public offering and placed the proceeds in trust, demonstrating its commitment to safeguarding investor capital pending a successful business combination. In August 2025, the company completed a merger with Polibeli Group Ltd, marking the fulfillment of its designated purpose within the financial market.

Financial data not yet available for this company.

Source: [CompaniesByCap](https://companiesbycap.com/company/CHEC)