Inside Hong Kong’s first-ever de-SPAC transaction

Corporate & Securities partner Billy Au (Hong Kong) is quoted in this article.

The Hong Kong rules for a de-SPAC transaction reflects the regulators’ thinking that injection of business or asset into a listed shell should be highly regulated and should fulfil the new listing requirements, says Mr. Au, adding that going through a whole new listing vettiing process is thus required.

“While no one has the crystal ball to predict whether a product will be popular shortly after the launch, having this kind of product in the market and waiting for another trend or maybe another wave of a low interest rate environment is good for the market,” he says.