Periodic disclosures – quarterly report


Is a SPAC required to give Bursa Securities an interim financial report on a quarterly basis in accordance with paragraph 9.22 of the Main LR?

No. Pursuant to paragraph 9.51 of the Main LR, a SPAC need not comply with paragraph 9.22 of the Main LR. A SPAC is only required to announce to Bursa Securities its interim unaudited or audited financial report within 2 months after the close of the SPAC’s half financial year.