Hong Kong Explores Allowing Blank-Check Listings - Law360

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Law360 (March 2, 2021, 7:59 PM EST) -- Hong Kong's securities watchdog and stock exchange have been advised to develop rules that would allow the listing of blank-check companies, which are shell entities that raise money for acquisitions, potentially enabling overseas expansion of a market that has boomed in the U.S.

Hong Kong business and government officials gathered at a "financial leaders forum" on Monday to discuss developments in the global market for blank-check companies, among other things. Also known as special purpose acquisition companies, or SPACs, blank-check offerings have soared in the U.S., where the product is familiar and listing rules recognize such vehicles.

Hong Kong's meeting, led...

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Hong Kong Explores Allowing Blank-Check Listings - Law360
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