Listing SPACs on the HKEX

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In the recent webinar focusing on Listing SPACs on the Hong Kong Stock Exchange, critical aspects surrounding Special Purpose Acquisition Companies (SPACs) and their listing processes were detailed. The webinar delved into the SPAC regime, defining SPACs, SPAC Promoters, and the role of de-SPAC targets within Successor Companies.

Key areas covered included Pre-De-SPAC and DE-SPAC transactions, emphasizing potential outcomes such as SPAC liquidation and de-listing in cases of missed transaction timeframes. Insights were shared on Chapter 18B’s specific listing requirements, exceptions to standard Listing Rules for SPACs, and identifying “core connected persons.”