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In Depth: Will Wind Go Out of SPACs’ Sails in Singapore and Hong Kong?

By Wei Yiyang, Yang Min and JZhang
2022年04月29日 16:17
Asian financial hubs changed their rules to allow special purpose acquisition companies in the hope of revving up their lackluster stock markets, but questions remain about whether the blank check companies can live up to the hype

After a record number of special purpose acquisition companies (SPACs) came onto the stage in the U.S. stock market in 2020, Hong Kong jumped on the bandwagon this year, with shell company Aquila Acquisition Corp. on March 18 becoming the first SPAC to list on the Hong Kong Stock Exchange (HKEX).

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