07 Apr 2021 BY Reuters
Singapore Exchange Ltd is proposing introducing regulations to allow the listing of Special Purpose Acquisition Companies (SPACs) or blank cheque firms that have taken U.S. markets by storm.
“The feedback we have been receiving is that an Asian SPAC would be interesting because Asia is such a fertile ground not just for target companies but also for sponsors,” Tan Boon Gin, CEO of Singapore Exchange Regulation, told a news conference.
SGX, the first major Asian bourse to consider the listing of SPACs, is calling for market feedback from Wednesday until April 28 after which it could introduce regulations by mid-year.
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