Never mind that the special purpose acquisition company (SPAC) boom in the US is somewhat waning. In Southeast Asia, the SPAC wave has only just arrived.
On 2 September, the Singapore Exchange (SGX) released its framework for SPAC listings, the first bourse in Asia to do so.
It’s getting all the help it can get from the city-state. The government has roped in state-linked entities like Temasek Holdings, EDBI—the investment arm of the Singapore Economic Development Board (EDB)—and the Monetary Authority of Singapore (MAS) to ensure that this will be a successful venture.