Introduction
On 17 September 2021, The Stock Exchange of Hong Kong Limited (the “Exchange”) published a consultation paper (the “Consultation Paper”) introducing its proposal to create a listing regime for special purpose acquisition companies (the “SPACs”) in Hong Kong and the proposed accompanying Listing Rules. The Exchange is seeking market feedback on its SPAC proposals by 31 October 2021.
Background
On 2 September 2021, the Singapore Exchange (the “SGX”) has released the “Responses to Comments on Consultation Paper (the “Consultation Paper”) on SPACs” (the “Responses”) in relation to its proposed listing framework for SPACs. It allows SPACs to be listed on the Mainboard (“Mainboard”) of Singapore Exchange Securities Trading Limited (“SGX-ST”) with effect from 3 September 2021, making it the very first Exchange to allow SPAC listings in Asia.
We are pleased to announce that our firm has been recognised as an Outstanding firm and is ranked across 13 practice areas/ sectors in Asialaw Profiles 2022. In addition, our Partner and Head of Litigation and Dispute Resolution department, Ms. Heidi Chui, has been recognised by Asialaw Leading Lawyers 2022 as Distinguished Practitioner in Dispute Resolution.
Mr. Terence Lau, Senior Associate of our corporate finance department, delivered a CPD webinar on “An Overview of a Listing Project” on 8 September 2021.
We are delighted to announce that our Partner and Head of Corporate Finance, Mr. Hank Lo, has been recognised by IFLR1000’s Asia Pacific 2021-22 edition as Highly Regarded Leading Lawyer in Capital Markets: Equity.
On 8 September 2021, our Partner Mr. Gordon Tsang, Senior Manager of Commercial and Corporate Finance Department, Dr. Rain Huang, and Paralegal Mr. Arthur Hung were invited to share the rules and regulations of Hong Kong and US IPOs to the directors and senior management of Central China International Capital Limited (Central China Intl).
