Hong Kong Exchanges and Clearing (HKEX) will allow special purpose acquisition company (SPAC) listings from Jan 1, 2022.

Its CEO Nicolas Aguzin said its new SPAC listing regime reflects the exchange’s commitment to continue building Hong Kong’s reputation as the region’s premier capital-raising market, reinforcing its global role as a world-leading international financial centre.

“By enabling experienced and reputable SPAC promoters to source listings from new and innovative industries, we look to help fuel the growth of the companies of tomorrow,” said Aguzin.

The exchange received 90 non-duplicate responses to the consultation on the proposed regime from a broad range of respondents, including SPAC promoters, professional bodies, investment managers, corporate finance firms and individuals. The majority of its proposals received support from over 80% of respondents who expressed views.

HKEX head of listing Bonnie Y Chan said the new rules will be implemented broadly as proposed, with amendments to accommodate some commercial factors whilst ensuring the quality of listings.

<span class='see_also_inread'><b>See also: <a class='gtm_see_also_1_inread' style='text-decoration: underline;' href='/news/spacs/singapores-kacific-talks-us1-bil-spac-merger-sources-say?utm_source=website&utm_medium=article&utm_campaign=ONPAGESEO'>Singapore's Kacific in talks for US$1 bil SPAC merger, sources say</a></b></span>

The exchange published its consultation paper seeking market feedback on proposals to create a listing regime for SPAC back in September.

HKEX to allow Spac listings from next month

Creative Technology expects 2HFY2022 revenue to be below target at US$27 mil

Straits Times Index decline resumes as it could head towards 3,000 

DBS says it remains buyers of Digital Core REIT after further downside in price

Opening up to new horizons: Digital assets as a means of settlement in cross-border transactions 

Three-quarters of Singaporeans answered scam calls recently: Toku  

Businesses in Singapore eager to hire international talent with the rise of remote work

Nio Inc delivers 12,961 vehicles in June, up 60.3% y-o-y

EMA issues second request for proposals for electricity imports

HKEX to allow Spac listings from next month

Related Stories

Highlights

ARA US Hospitality Trust to sell four Hyatt Place hotels for US$32.5 mil

Related Stories

Crypto company IPO not a piece of cake

Euda seeks Nasdaq listing via spac to gain better opportunities in healthcare market

Singapore's Kacific in talks for US$1 bil SPAC merger, sources say