SC Malaysia revises SPAC framework to bolster local listings

SC Malaysia revises SPAC framework to bolster local listings

An investor monitors share market prices at a brokerage firm in Kuala Lumpur, Malaysia, August 24, 2015. REUTERS/Olivia Harris

The Securities Commission of Malaysia (SC) has revised its Special Purpose Acquisition Company (SPAC) framework to create more flexibility for successful SPAC listings and de-SPAC mergers.