First SPACs take steps to go beyond SGX's minimum requirements

TWO special purpose acquisition companies (SPACs) lodged their preliminary prospectuses to the Monetary Authority of Singapore in quick succession last Thursday (Jan 6), setting the stage for the first blank cheque companies to list on the Singapore Exchange (SGX).

The prospectuses give investors an idea of what we could expect from Singapore SPACs, following the rollout of the framework for such vehicles last September, and the initial verdict is likely to be positive.

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