- Bursa first listing under Special Purpose Acquisition Company (SPAC)
- SPAC – company with no earning, no product, no sales or no operation, which use money for IPO to acquire an assets
- 90% of the IPO deposited into trust (80% use for qualifying acquisition)
- Acquisition will within 36 months for closed IPO
- Over the 25% shareholders vote against the deal and will aborted
- Fails to make acquisition will be delisted and distributed back to investors
- IPO price RM0.75 at par value RM0.01 with free 1 Warrants
