Malaysia-based AEI CapForce II Investment Corp, a blank check company targeting opportunities in Greater China or Southeast Asia, has filed with the US Securities and Exchange Commission (SEC) on Tuesday to raise up to $100 million.

The company plans to raise $100 million by offering 10 million units at $10 on the Nasdaq Stock Market. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50, its preliminary prospectus showed.

At the proposed deal size, AEI CapForce II Investment would command a market value of $129 million, according to IPO investment advisor Renaissance Capital.

The blank-check company’s filing also came after Kairous Acquisition Corp Ltd’s SEC filing to raise up to $50 million in an initial public offering (IPO) last month. Kairous Acquisition is led by the founder of Malaysia-based Kairous Capital.

AEI CapForce II Investment is led by its Chairman and Chief Executive Officer John Tan. Since January 2015, Tan has served as Chairman and CEO of Asia-Pacific-focused private equity investment group AEI Capital Group located in Hong Kong, Kuala Lumpur, and Shenzhen, with assets under management exceeding $500 million.

According to the filing, members of its strategic advisory board include Genesis Unicorn Acquisition Corp CEO Juan Fernandez, CAG International Group owner Eva Law, Momentum Commerce Chief Executive Officer Hans-Peter Ressel, who is a Co-Founder of e-commerce firm Lazada, Malaysia-based Vynn Capital Managing Partner and Founder Victor Chua, Malaysia-listed tech firm Green Packet Bhd Group Managing Director and CEO CC Puan, among others.

“While we may acquire a business in any industry, we intend to focus on mid-market companies considered disruptors and innovators within the greater technology and consumer sectors in Southeast Asia and China,” the company said in the filing.

The company also said it intends to source and evaluate attractive, high growth private companies “in the financial technology, financial services, and technology industries that offer a differentiated technology platform or product for interfacing with the financial services sector,” as it believes the growth-oriented subsectors of the FinTech industry present particularly attractive investment opportunities.

Founded in 2021, AEI CapForce II Investment plans to list on the NASDAQ under the symbol “AEIBU”. EF Hutton, division of Benchmark Investments, LLC is acting as the sole book-running manager of the deal.

AEI CapForce II Investment’s development was first reported by Renaissance Capital, an IPO investment advisor in providing pre-IPO institutional research and management of IPO-focused investment products.

Malaysia-based SPAC Kairous Acquisition files for a $50 million IPO on NASDAQ