The revised equity guidelines for the enhanced SPAC framework from Jan 1 are expected to make the asset class a more attractive option for promoters and potential investors, reports The Malyasian Reserve.
The revisions announced by the Securities Commission Malaysia (SC) last December provide more management flexibility to SPACs, allowing professionals with extensive experience in private equity and venture capital with asset sourcing and deal making experience to steer SPACs, said Dr Liew Chee Yoong, Assistant Professor of Finance at UCSI University and a Fellow of the Centre for Market Education.
“In general, the revision means more flexibility and less red tape for SPACs to raise financing to acquire firms in the Malaysian capital market,” he said. Read more.
