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Loeb & Loeb and Mori Hamada & Matsumoto have advised NASDAQ-listed SPAC (special purpose acquisition company) Pono Capital Two on its $1.2 billion de-SPAC merger with Japan’s SBC Medical Group Holdings.

This merger is aimed at expansion of its business network globally, SBC said in a statement. After the completion of the merger, SBC will change its name to SBC Medical Group.

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