STOCKS | Staff Reporter, Singapore

SGX starts consultations for SPAC listing framework

The public consultations will remain open until April 28.

The Singapore Exchange (SGX) has started consultations on the viability and appropriate conditions for listing Special Purpose Acquisition Companies (SPACs)

"In reviewing the viability of SPACs, we note that recent SPACs developments have brought to the fore certain risks, in particular excessive dilution and the rush to de-SPAC. We are therefore proposing measures to address these risks, with the aim of creating credible listing vehicles that will increase investor choice and result in successful, value-creating combinations for their shareholders,” said Tan Boon Gin, CEO of Singapore Exchange Regulation, in a statement.

The SGX is seeking feedback from the market on broad admission creteria; conditions for founding shareholders, management teams and controlling shareholders; and business compbination requirements.

Consultations will be open until April 28, through this link.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.