What happened
Yesterday, Bloomberg reported that Singapore is planning new measures to boost share trading volume and interest in its local stock exchange.
Investment firm Temasek Holdings’ 65 Equity Partners Holdings, with a fund size of at least S$1 billion, is planning to deploy the funds into Singaporean companies and regional mid-sized business, including IPOs.
Both Temasek and sovereign wealth fund GIC (Government of Singapore Investment Corporation) will tap on the new SPAC framework established by the Singapore Exchange Limited (SGX: S68), or SGX, and which was just announced a week ago.
According to sources, the Monetary Authority of Singapore (MAS), Singapore’s central bank, also plans to weigh in on these initiatives to boost interest in the local bourse.
So what
This news comes as a welcome surprise for investors as the Singapore market has seen moribund trading volumes in recent years.
Most of the interest had shifted to Chinese stocks...