Malacca Straits Acquisition Company Limited currently does not operate a core business. Instead, its primary objective is to identify and complete a strategic business combination, such as a merger, share exchange, asset acquisition, or reorganization, with one or more enterprises. These target entities are sought within the media, food processing, renewable energy, and healthcare industries. Originally established in 2019 as Bilbao Street Limited, the company officially adopted its current name, Malacca Straits Acquisition Company Limited, in February 2020. Its headquarters are situated in Central, Hong Kong.