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Has SGX managed to address all governance concerns on SPACs?

Latest proposal suggests several ways to protect investors; with additional safeguards proposed by Sias, its third try to list SPACs may succeed

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Published Wed, May 5, 2021 · 09:50 PM

    THE Singapore Exchange's (SGX) Consultation Paper on Special Purpose Acquisition Companies (SPACs), issued last month, has generated a fair amount of interest and debate.

    This is the third time SGX has mooted the listing of vehicles with no core businesses. Earlier attempts, in 2008 and 2010, failed because of governance concerns.

    SGX's latest proposal suggests several means of protecting investors.

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