NEW YORK, NY, July 30, 2026 (GLOBE NEWSWIRE) -- Soulpower Acquisition Corporation (NYSE: SOUL) (“Soulpower”) and SWB Holdings (“Pubco”) today announced that the Commercial Division of the High Court of Justice of the Virgin Islands has granted the application filed by the joint liquidators of Bank of Asia (BVI) Limited (in liquidation) in connection with the proposed transaction with SWB LLC.
- Soulpower Acquisition Corporation and SWB Holdings announced BVI court approval for a transaction involving the liquidation of Bank of Asia (BVI) Limited.
- SWB LLC is set to acquire certain assets, but still requires a banking license from the FSC and deposit protection approval from VIDIC.
- The overall business combination remains subject to shareholder approval and other closing conditions, with plans to file with the SEC.
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Tags: #soulpoweracquisitioncorporation #swbholdings #bankofasiabvilimited #bvicourtapproval #assetsaleagreement #bankinglicense #fsc #vidic #businesscombination #soulworldbank