Singapore Exchange could list blank-check companies this year if it gets enough support from the industry.

An impending market consultation on special purpose acquisition companies this quarter could take some time to get feedback, Chief Executive Officer Loh Boon Chye said in an interview on Feb 17. “If the market is supportive, we hope to be able to do that sometime this year.”

SPACs became a buzzword last year, sprouting by the dozen as the rich and famous — from hedge fund billionaire Bill Ackman to former US Speaker of the House Paul Ryan — and private equity firms rushed to set up new ones.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook