Rising Dragon Acquisition Corp. to acquire HZJL Cayman Limited

Rising Dragon Acquisition Corp has agreed to acquire HZJL Cayman Limited in a transaction valued at an undisclosed amount. The deal involves the exchange of loan notes as the primary form of consideration. Both entities are based in the United States, with the buyer operating from the US and the target also located within the same jurisdiction. No specific sector classification has been reported for this agreement. The announcement was made on 26 May 2026, establishing the initial timeline for the proposed corporate combination.

The transaction remains at the firm intention stage, indicating that a definitive agreement has been reached but final completion has not yet occurred. Regulatory approvals and other standard closing conditions are likely required before the deal can be fully executed. As the completion date is currently unreported, the timeline for finalisation remains uncertain pending further developments. The parties continue to work towards concluding the arrangement under the current terms. The transaction is subject to regulatory approval.