Adopt US SPAC rules - but with tweaks for Singapore, say observers
Special-purpose acquisition companies have been in place in the US for a while, so why reinvent the wheel, they ask
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Singapore
THE Singapore Exchange (SGX) should model its regime for special-purpose acquisition companies (SPACs) after what is being done in the United States, perhaps with small adjustments to improve it, industry players have told The Business Times.
They say that the rules in the US are a key reason for the popularity of the listing structure, and that it would be best to stick to a proven formula.
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