Singapore lists first SPAC as Asia investors warm up to blank check firms

An SGX sign is pictured at Singapore Stock Exchange July 19, 2017. REUTERS/Edgar Su/Files

SINGAPORE (Reuters) -A small blank-check firm backed by state investor Temasek made its Singapore debut on Thursday, marking the first such local listing as Singapore steps up a drive to emerge as a key venue for listings of this type.

This came four months after Singapore Exchange allowed special purpose acquisition companies (SPACs) or shell firms to list, easing proposed rules in response to market feedback.