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THE Malaysian unit trust industry quietly recorded a milestone at the start of the year when the total net asset value (NAV) of its funds climbed above the RM300bil mark in January. That figure matters because it shows just how fast the industry has been growing in recent years.
IS two years a comfortably long time? Not if you’re a special-purpose acquisition company (SPAC) that spent the past year without finding a suitable major asset to buy, and must now complete such a purchase within the next two years. If you fail to do that, you’ll be liquidated. In these circumstances, 24 months can be fleeting.