Hong Kong outlines plans for local SPAC listings
Hong Kong Exchanges & Clearing (HKEx) has proposed rules for IPOs by special purpose acquisition companies (SPACs), admitting they are more stringent than the US system, but noting the need for more safeguards in a relatively retail investor-heavy market.
The proposals come weeks after Singapore issued final guidelines for local SPACs, with Boon-Chye Loh, chairman of the Singapore Exchange, telling CNBC on September 17 that a first listing application was...
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