Two of Asia’s financial hubs aimed to reinvent the SPAC. So far, it is proving slow going, The Wall Street Journal reports.
Exchanges in Hong Kong and Singapore have always said they aim for quality not quantity with their rules for blank-check companies, touting better investor protection than in the U.S. There have been only a handful of offerings to list on both the Hong Kong and Singapore exchanges since blank-check firms were approved in the Asia markets. Read more.