Vietnam-based asset manager VinaCapital is planning to launch a special purpose acquisition company (SPAC) and list it in Singapore next year, Bloomberg reported on Friday.
The investment firm is said to have roped in an advisor for the SPAC, which could raise S$250 million ($183 million) from its initial public offering (IPO). It is unclear what type of businesses VinaCapital’s SPAC will be looking at merging with.
