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SPACs face new test: A wave of Asia-focused deals
FILE PHOTO REUTERSPremium
Jing Yang
, The Wall Street Journal
Tycoons in the region put money into U.S. blank-check companies as major local stock exchanges haven’t allowed such listings
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Thousands of miles from Wall Street, the boom in blank-check companies is taking hold in a region where major stock exchanges don’t let firms raise money for unspecified uses.
In mainland China, Hong Kong and Singapore, investment firms controlled by tycoons and money managers have collectively raised billions of dollars on the New York Stock Exchange and Nasdaq Stock Market over the past year via special-purpose acquisition vehicles, showing how far-reaching the SPAC boom has been. ....

United States , Hong Kong , India General , Li Ka Shing , Benjamin Kwasnick , Uddhav Thackeray , Antony Leung , Udhay Furtado , David Shen , Raghav Maliah , Joaquin Rodriguez Torres , David Zeng , Richard Li , Fang Fenglei , Nassef Sawiris , Heranba Industries , Retail Ltd , Goldman Sachs Group Inc , Goldman Sachs , Then Carlyle Group Inc , Citigroup Inc , Google Cloud Partner Advantage Program , Singapore Exchange , Frontier Group , York Stock Exchange , Frontier Health ,