Singapore well placed to grow as an Asian Spac hub, analysts say

SGX's Spac framework sets out clear guidelines to ensure that the interests of sponsors, companies and investors are aligned. PHOTO: ST FILE
New: Gift this subscriber-only story to your friends and family

SINGAPORE - The prospect of Asia's first blank-cheque market in Singapore will largely depend on the quality and price performance of the companies it eventually brings in, analysts said.

Two special purpose acquisition companies (Spacs) are likely to debut on the Singapore Exchange (SGX) this month after the bourse launched in September a new framework that is a bit more stringent than the United States' - the world's largest Spac hub.

Already a subscriber? 

Dive deeper at $0.99/month

Want more exclusives, sharp insights into what's happening at home and abroad? Subscribe to stay informed.

Unlock these benefits

  • All subscriber-only content on ST app and

  • Easy access any time via ST app on 1 mobile device

  • 2-week e-paper archive so you never miss out on any topic that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.