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A SPAC-tacular initiative
■ SGX pulls ahead of regional rivals in allowing SPAC listings from 3 Sep.
■ Its SPAC framework has been revised to be more market-friendly, aligned closer to US SPAC listing rules, allowing a level playing field to entice listings.
■ Reiterate Hold. Incremental listing fees from SPACs are not likely to be material in the near term but add to SGX’s long-term competitiveness.