Hong Kong’s SPAC framework may be a challenge for family offices: Citi

3 November 2021 | 4 minutes read

Wealthy families may find it hard to jump on the SPAC bandwagon in Hong Kong due to strict criteria that have been proposed for these types of listings in the city, according to Citigroup. Special Purpose Acquisition Companies are “blank-check companies” created to raise funds via an IPO and finance a merger or acquisition within 24 months. Nicholas Aguzin, CEO…

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