Malaysia to Review SPACs Rules to Profit From Blockbuster Deals
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Malaysia is reviewing its framework for special purpose acquisition companies, or SPACs, amid a surge in demand for such fundraising vehicles globally, according to the nation’s markets regulator.
The popularity of blank-check companies, which raise money from investors with a plan to acquire another company, has exploded over the past year as they offer businesses a quick route to a listing. In Asia, Malaysia’s AirAsia Group Bhd. is exploring the possibility of listing its AirAsia Digital or AirAsia SuperApp in the U.S. this year.