热门标签

足球预测:Making Malaysian SPACs more attractive

时间:3周前   阅读:2   评论:5

新2手机管理端www.hg108.vip)实时更新发布最新最快的新2代理线路、新2会员线路、新2备用登录网址、新2手机管理端、新2手机版登录网址、新2皇冠登录网址。

Rules being tweaked to enhance IPO chances in the US

PETALING JAYA: Malaysia is seeing a rising number of special-purpose acquisition companies (SPACs) that are eager to tap opportunities in the US capital market.

Shanghai-headquartered investment bank Arc Group managing partner Carlos Lopez said many companies in Malaysia were interested in listing on the New York Stock Exchange or Nasdaq.

“Currently, Arc has advised nine sponsors that are doing initial public offerings (IPOs) in Malaysia and we are assisting three companies to find targets. Many companies in Malaysia are interested in listing in the United States,” he told StarBiz.

Lopez said one of the problems with Malaysian SPACs is that they did not have a sponsor to vote for the business combination with the target company it wanted to merge with.

“In contrast, one of the benefits of SPACs in the United States is that the sponsor (investors who support a SPAC in its pre-IPO stage) had a vote, so it results in significantly fewer votes needed from public investors and makes the merger easier to complete.”

There are some entry barriers by the government for a SPAC on Bursa Malaysia. Likewise, there are government restrictions in Singapore and Hong Kong. Comparatively, the US market is considered favourable for SPACs, said Lopez.

“Malaysian SPACs have been around for a long time. The United States is the most established SPAC market but Malaysia is more established in this space than countries such as Hong Kong, Singapore and The Netherlands.

,

足球预测www.99cx.vip)是一个开放皇冠体育网址代理APP下载、皇冠体育网址会员APP下载、皇冠体育网址线路APP下载、皇冠体育网址登录APP下载的官方平台。足球预测上足球分析专家数据更新最快。足球预测开放皇冠官方会员注册、皇冠官方代理开户等业务。

,

“Malaysia’s government is working on new rules to make Malaysian SPACs more attractive for investors. We will need to wait until those new rules are effective to see how they will operate and how investors will react.”

Currently, Lopez said Malaysia was not a good option for SPACs until the new regulation is announced.

“To our knowledge, there are 11 SPACs that have filed for IPOs and only two SPACs are successful. The others could not get enough shareholders to accept the deals. The hit rate in this market is deeply unimpressive.

“Since Arc was founded in 2008, we have advised on 27 IPOs, nine of which were from Malaysia,” he said, adding that most of the SPACs sold their shares at US$10 (RM44.45) apiece.

Graphene producer Graphjet Technology Sdn Bhd will become the third Malaysian unicorn to be listed on the Nasdaq Stock Exchange in New York via a merger SPAC, Energem Corp.

The Malaysian unicorn has signed a business combination agreement worth US$1.49bil (RM6.62bil).

SPACs, also known as blank-cheque companies, have no operations and are designed to merge with private companies to take them public. A SPAC typically has two years to do a deal or it must return the money to investors.

Such mergers have become popular alternatives to traditional IPOs in the past few years, allowing companies to raise cash while also making projections the firms typically could not make within the confines of a traditional IPO.

上一篇:皇冠博彩app(www.hg9988.vip):Look to Indonesia\u2019s digital prowess, Annuar tells local broadcasters

下一篇:欧博开户网址(www.allbet8.vip):Maybank Asset Management strengthens ESG offerings with global environment fund

网友评论

  • 2022-09-07 00:17:28

    在2018年的指控文件中,一位FBI探员表示,苹果拥有大约5000名知晓该项目的“被披露”员工,而能够接触项目资料和数据库的“核心员工”达到2700人。讲真,很有水准

  • 2022-09-15 01:59:32

    On Thursday, top U.S. Gulf of Mexico oil producer Shell SHEL.L said it halted production at three deepwater platforms in the region. The three platforms are designed to produce up to 410,000 barrels of oil per day combined.好感爆棚~

  • 2022-10-01 00:32:59

    NAJIB Razak’s new legal team has dismissed reports that it intends to discharge itself from defending the former prime minister in his appeal against his sentence in the RM42 million SRC International Sdn Bhd corruption case, lawyer Zaid Ibrahim said.有价值的网文,不水

  • 2022-11-20 00:19:17

    “Singapore enjoys political stability, capital and business activities are returning, and growth is relatively resilient around 3% to 4% for 2022,” said Selena Ling, head of Treasury Research & Strategy at Oversea-Chinese Banking Corp.再进步进步