$SINGAPORE EXCHANGE LIMITED(S6

2022-03-03

$SINGAPORE EXCHANGE LIMITED(S68.SI)$ SINGAPORE, Feb 7 (Reuters) - After years of struggling to emerge from the shadows of regional rivals, Singapore Exchange is looking to establish itself as the hub for blank-cheque firms, riding on regulatory overhaul, support by state firms, and a tech boom in its back yard.

Encouraged by the flurry of Southeast Asian tech start-ups seeking funding and the bourse's revised rules, Singapore could list up to a dozen special-purpose acquisition companies (SPACs) within the next 12-18 months, bankers, venture capitalists, and analysts say.

A key test for SGX will come when such companies, also known as blank-cheque or shell firms, have to seal merger targets within two years, a "de-SPACing" process already weighing on U.S. deals as hundreds of SPACS chase targets.

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Comments

bouncyo
2022-03-03
bouncyo
I hope the future development of the Singapore Stock Exchange will be better and attract more investors.
kenfoo
2022-03-04
kenfoo
great article
MM22
2022-03-07
MM22
[Like]
VonCat
2022-03-04
VonCat
Great
DavidSG
2022-03-04
DavidSG
Hmmm

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