How a Trump deal got a boost from a China-based financier – Reuters

How a Trump deal got a boost from a China-based financier – Reuters

Feb 10 (Reuters) - A China-based financier, once reprimanded by U.S. regulators and barred from taking his company public, played a bigger role than is publicly known in the shell company that agreed to merge with former President Donald Trump’s new social media venture, Reuters has learned.

Little has been disclosed about the involvement of the financier, Abraham Cinta, and the Shanghai-based investment bank he leads, ARC Group Ltd, in the shell company’s regulatory filings. ARC is listed as “financial advisor” to Digital World Acquisition Corp, the special purpose acquisition company (SPAC) that signed a deal in October to merge with Trump’s new media platform. No details are provided in the filings other than that ARC could help the SPAC with contacts in government and the business world, as well as access to a “quality deal pipeline.”