Wednesday, 06 Oct 2021 01:47 PM MYT
In a statement today, its IPO leader Wong Kar Choon said one key reason is that SPACs is seen as a faster alternative in raising capital than the traditional initial public offerings . “Over the last couple of months, we have heard an increasing buzz on SPAC. There were also announcements made on a number of Southeast Asian technology-based start-ups seeking a SPAC merger in the capital market in the United States ,” he said.
Last month, the Securities Commission Malaysia said it was still in the midst of reviewing its framework for SPAC listings amid developments in other markets.
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