Daily briefing: SGX to ease rules for SPAC listings: reports; Secretlab eyes over 100 new hires in SG

And Delivery riders welcome PM Lee comments.

From Reuters

The Singapore Exchange is in the process of drafting new guidelines that will ease listings for special purpose acquisition companies (SPACs), Reuters reported citing sources.

Amongst the provisions under consideration include easing the minimum market value proposal for SPACs to $300m.

It also provided that warrants cannot be detached from underlying shares.

Read more here.

From CNA

Secretlab will be hiring over 100 employees in Singapore after it recorded a “massive growth," Co-founder and Chief Strategy Officer Alaric Choo said.

In particular, Secretlab is eyeing to employ 80 engineers and designers, more than doubling its production team.

The new hires will be based in Singapore, except for those who will be spending “90% of their time” in China.

Read more here.

From CNA

Delivery drivers welcomed remarks of Prime Minister Lee Hsien Loong on the struggles of workers in the sector.

Prime Minister Lee had raised delivery workers do not have the basic job protection that other employees enjoy.

Some workers have suggested contributions on the Central Provident Fund, union representation and basic salary.

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