Rongcheng Group Agrees to Merge With GalaxyEdge Acquisition

Dow Jones

May 02

By Elias Schisgall

Rongcheng Group, a Cayman Islands-based waste sorting service provider, agreed to merge with GalaxyEdge Acquisition Corp., a blank-check acquisition company.

The deal gives Rongcheng a pre-money equity value of about $350 million, the company said.

The transaction is pending approval of the boards and shareholders of both companies.

"The strategic transaction validates our integrated 'consultation--implementation--training' model and accelerates our business expansion," Rongcheng Director Chen Li said. "Becoming a public company will enhance our credibility and provide access to diversified sources of capital to scale our operations and deepen our competitive moat."

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

May 01, 2026 16:27 ET (20:27 GMT)

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