SINGAPORE -- Singapore is considering options to lure capital for special purpose acquisition companies, or SPACs, away from the current boom in the U.S., although challenges await the Asian financial hub. The Singapore Exchange announced on Wednesday a regulatory framework for SPACs to list on the SGX and asked the market for feedback.
Markets
Singapore Exchange to prepare for $222m SPAC listings
Bourse pitches itself as alternative to US venue for Asia's investors
The Singapore Exchange cut the required market cap for SPACs by half after consultation revealed that stakeholders found the previous level prohibitively high. © Reuters
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