Today, the Singapore Exchange Securities Trading Limited (SGX) announced its rules to enable SPACs to list on the Mainboard of the SGX. With this framework, companies have yet another capital markets avenue to a listing on the SGX. The SGX’s SPACs rules differ in some respects from the framework set out in the consultation paper on Proposed Listing Framework for Special Purpose Acquisition Companies released by the SGX on 31 March 2021 (Consultation Paper), reflecting the results of the SGX’s engagement with stakeholders after receiving strong market interest in responding to the Consultation Paper and general support for a SPACs listing framework.
Our 1 April 2021 update on the Consultation Paper is available here.
Click here to read the update.