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SPECIAL-PURPOSE acquisition company (SPAC) is the way to go these days. Pots of capital are being raised on Wall Street by investors. Such a blank-cheque company has marshalled more money and outnumbering traditional initial public offerings (IPOs).
SINGAPORE: As soon as retail investor Calvin Froedge heard that a massive container vessel was stuck in the Suez Canal, he pulled his car over to the side of the road, opened up his laptop and started buying shipping stocks.
US$162.4bil has been raised by about 600 issuers
Growth paths for gyms feature online services and licensing opportunities
LONDON: Acadia Healthcare Co Inc said it would sell its UK unit the Priory Group, a care homes operator known for its celebrity clientele, to private equity firm Waterland for about £1.08bil (US$1.47bil).
PETALING JAYA: One of Malaysia’s favourite milk brands since 1968, Goodday Milk is bringing more goodness for Malaysians and the communities we live in, including our natural treasures.
SEOUL: Shares of Big Hit Entertainment Co, the company behind South Korean boy band BTS, begin trading this week.
PETALING JAYA: Every new risk presents new opportunities for growth. That was aptly referred to as the new normal in the consumer goods industry by Khalid Alvi in the wake of the Covid-19