Temasek says some of its portfolio companies are looking at SPAC mergers

Singapore state investment firm Temasek Holdings says it sees heightened interest among Southeast Asian companies to list via a special purpose acquisition company (SPAC), adding that some of its portfolio firms are looking at taking advantage of the option.

In a virtual press conference following its 2021 review, Temasek International’s joint head for telecommunications, media & technology and joint North America head Mukul Chawla said the state investor is open to its companies exploring the SPAC route. 

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