HONG KONG: The blank-cheque company craze that’s taken Wall Street by storm is now spreading to Asia.
A raft of funds and financiers in the region is leveraging their deal-sourcing capabilities and understanding of US capital markets to jump on the bandwagon with special-purpose acquisition companies, or SPACs.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!