CGS-CIMB Research analyst Andrea Choong has kept “hold” on Singapore Exchange (SGX) after the exchange introduced new rules for Special Purpose Acquisition Companies (SPACs) to list on the Mainboard on Sept 2.

See also: SPACs expected to help Singapore revive dry IPO spell

Choong has also kept her target price unchanged at $10.70 as she views the new rules as positive for SGX on the whole.

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