Keen interest could see first Singapore SPAC listings within 3 months
Entities said to be keen include European asset manager Tikehau Capital, Temasek-backed Vertex Holdings and Ravi Thakran's Turmeric Capital
Add BT as a preferred source
Singapore
SPECIAL purpose acquisition companies or SPACs could find their way onto the Singapore Exchange (SGX) mainboard as early as this year, and several local private companies have told The Business Times that they are open to the possibility of merging with SGX-listed SPACs to go public.
SGX said on Friday it could receive its first SPAC submission in weeks. The framework to allow the blank-cheque companies had been introduced earlier this month.
TRENDING NOW
Buyer for England striker Harry Kane’s former mansion must pay £3.4 million after abandoning deal
Ohmyhome Ltd sells real estate business for US$1 due to poor business and continued losses
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
