The listing of special purpose acquisition companies or Spacs on the Main Market of Bursa Malaysia Securities Berhad was introduced in May 2009 as part of a number of measures comprised in a new regulatory framework. In a joint launch of the new framework on August 3 2009, the Securities Commission and Bursa expressed the hope that the competitiveness of the Malaysian bourse as an equity-raising and listing destination will be enhanced and that the advent of Spacs, in particular, will not only promote private equity activity but also spur corporate transformation and encourage mergers and acquisitions.
August 31 2009