Soulpower Acquisition says BVI court clears Bank of Asia asset sale to SWB LLC

Reuters2026/07/30 21:27

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BVI High Court cleared Bank of Asia (BVI) liquidators to sell selected assets to SWB LLC under a November 6, 2025 asset sale agreement.
The court order, granted July 23, satisfies one closing condition; other conditions remain outstanding.
SWB still needs a BVI banking licence from the Financial Services Commission, with its application under review.
Deposit protection membership approval from the Virgin Islands Deposit Insurance Corporation is also required before SWB can conduct banking activities.
The proposed business combination with Soulpower Acquisition Corporation and SWB Holdings remains subject to closing conditions, including Soulpower shareholder approval.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Soulpower Acquisition Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-035494), on July 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Soulpower Acquisition says BVI court clears Bank of Asia asset sale to SWB LLC

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