Demand for shares of SPACs continues to be strong


IF there is a particular group of stocks that fuel stock market appetite, drive volumes and raise big money, the trophy would go to special purpose acquisition companies (SPACs).

The SPACs that were listed in 2013 were Sona Petroleum Bhd and Cliq Energy Bhd, which respectively raised RM550mil and RM300mil during their initial public offering.

Celebrate Merdeka with 50% Off!
T&C applies.

Monthly Plan

RM13.90/month
RM6.95 only

Billed as RM6.95 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM6.17/month

Billed as RM78 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Spacs , guidelines , sona , cliq

   

Next In Business News

Kenanga expects ringgit to trade closer to 4.40 level by year-end
JTGB bags RM29.77mil contract
APPEC-Transition to cleaner fuels seen dragging on China's oil demand growth
Generali Malaysia expands with new Penang branch
Asia shares slip, but US and EU futures find a bid
Wholesale and retail trade sales rise 6.7% to RM149bil in July 2024
Proton's CKD exports to Egypt expected to contribute RM570mil by 2026, says Miti
Anwar unveils Pikas 2030 to strengthen governance in public-private partnerships
Binastra bags RM574.4mil contract for construction of Bukit Jalil data centre
99 Speed Mart weighs SEA expansion plans

Others Also Read