Hong Kong opens up to SPACs

Multiple-choice questions: In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please re-read the article before attempting the questions again

  1. What does SPAC stand for?

  2. What does a SPAC do?

  3. What is the minimum that a SPAC will need to raise through its listing?

  4. What is the minimum independent third-party investment required?

  5. What happens if a SPAC is unable to announce a de-SPAC transaction within 24 months, or complete within 36 months?

  6. Which of the following is NOT in HKEX's proposal?

  7. Which country's SPAC regime could serve as a model for Hong Kong?

  8. Which other Asian country introduced SPACs this year?

  9. What is the minimum investor subscription proposed?

  10. What is the minimum number of professional investors required?

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