Seven companies that SPACs could target

Singapore

ELIGIBLE companies in South-east Asia are fielding a frenzy of offers from blank-cheque vehicles listed in the US, as sponsors look towards the region to deploy capital before their two-year deadline.

There is "heavy oversubscription" for special purpose acquisition companies (SPACs) targeting South-east Asia, Udhay Furtado, managing director and co-head of Asia equity capital markets at Citi, told The Business Times.