By Stephanie Jacob
Since the Securities Commission introduced the special purpose acquisition company (Spac) investment model in late 2009, only four companies, all in the oil and gas sector, have employed the model. With only one Spac having graduated into a full-fledged company, is the model really worthwhile for promoters or shareholders?
Issues
#1
With two Spacs yet to secure a qualifying asset in the final year of their three-year deadline, and in view of the SC’s increasingly stringent rules, are Spacs as attractive to the market as they ...
#2
Sona Petroleum Bhd has about one year to secure its QA. For its management team, it is crunch time – their reputation and their investments are on the line. In an interview with KINIBIZ, Sona’s ...
#3
For the management teams of Spacs, it is about getting a qualifying asset or acquisition at all costs, so the company can graduate to become a full-fledged company like any other on the bourse. ...
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