Temasek Says Some of its Portfolio Companies are Looking at SPAC Mergers: Report


Singapore state investment firm Temasek Holdings says it has observed a heightened interest among Southeast Asian companies to list via a SPAC, adding that some of its portfolio firms are looking to take advantage of the option, Deal Street Asia reports.

The venture capital holdings company Vertex, an arm of Temasek, is planning to raise funds for dealmaking by listing a SPAC on the SGX.

In late June, Temasek-backed payments platform Payoneer gained a Nasdaq listing after a business combination with FTAC Olympus Acquisition. Read more.

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