SC revises guidelines for SPAC listings

“The SC re-evaluated the SPAC framework to ensure that it remains relevant and capable of spurring interest in listings and deals involving SPACs, thereby providing issuers with greater access to the capital market,” said SC chairman Datuk Syed Zaid Albar.(pic)

PETALING JAYA: The Securities Commission (SC) has revised its guidelines for the special-purpose acquisition company (SPAC) framework in a bid for greater access to fundraising in Malaysia.

This came three months after Singapore announced new rules that enable SPACs to list on the Singapore Exchange.