PETALING JAYA: The Securities Commission (SC) has rejected Chemara Palmea Holdings Bhd’s application to become a plantation-focused special-purpose acquisition company (SPAC), making it the fourth company to be turned down by the regulator since the introduction of rules that enabled the listing of these vehicles in 2009.
This is aside from the few applicants which had withdrawn their applications.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!