A lack of internal controls and oversight allowed the SPAC's CFO to misappropriate cash and falsify financial reports for over a year.
February 28, 2023ASX, NZX, SGX, and SPX issuers would have to comply with only a minimal number of PNGX rules for a dual listing. The proposals also provide a framework for SPAC listings.
October 29, 2022Aquila Acquisition Corporation was the first SPAC in Hong Kong to win approval from HKEX for a listing since the city's SPAC listing regime was introduced.
March 18, 2022The SPAC listing application was made by Aquila Acquisition Corporation, whose ultimate parent is China Merchant Bank.
January 20, 2022Prospectuses have been filed by Vertex Technology Acquisition Corporation, Pegasus Asia, and Novo Tellus Capital Partners.
January 12, 2022Temasek-backed Vertex Venture Holdings and Tikehau Capital have received eligibility-to-list letters from SGX following their SPAC listing applications.
December 30, 2021Continued regulatory scrutiny from Chinese and US regulators has reportedly compelled US exchanges to explore IPO hopefuls from India, Indonesia, Vietnam and Malaysia.
December 24, 2021The minimum amount of funds required to be raised by a SPAC through its IPO has been reduced by a third, among other changes.
December 17, 2021The FSDC says requiring SPAC shares and warrants to be distributed to at least 75 professional investors could present an "unnecessarily high threshold".
November 3, 2021MAS and SGX will increase support for high-growth companies seeking to list in Singapore. Temasek and EDB Investments will set up funds to facilitate fundraising.
September 17, 2021