Singapore Spacs market may not rival US boom, but safer for local investors

SGX has proposed rules aimed at protecting small or retail investors and preventing reputational damage to the bourse and Singapore's standing as a global financial hub.
SGX has proposed rules aimed at protecting small or retail investors and preventing reputational damage to the bourse and Singapore's standing as a global financial hub.ST PHOTO: LIM YAOHUI

SINGAPORE - Asia's debut blank cheque market in Singapore may not rival the recent boom in the US, but may provide more protection to local investors.

The Singapore Exchange (SGX) on March 31 called for market feedback on proposed regulations to allow special purpose acquisition company (Spac) listings.

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