Fulfilling financial reporting obligations for SPACs easily and efficiently
Hong Kong Exchanges and Clearing Limited (HKEX) announced the introduction of a new listing regime for special purpose acquisition companies (SPACs), effective from 1 January 2022. Under the new regime, SPACs are required to prepare accurate and timely financial reports during their SPAC-IPO journey. While SPACs do not typically possess a professional accounting team in-house to handle complex accounting issues (which require knowledge of Classification of Equities, Warrants, Business Combination, Asset Acquisition Transactions, Earn-out Arrangement and Shared Based Award Transaction), it could be something that keeps management up at night. Engaging a professional services provider may bring SPAC owners and company leadership teams peace of mind.
Services Like No Other
Financial Administration
Tricor’s qualified professional team are able to deliver accurate and compliant work to meet the high standards of audit and governance. Our accounting and financial reporting process and system are externally audited and accredited every year in accordance with the International Standard on Assurance Engagements (ISAE) 3402.
Tax Advisory and Compliance
Our tax professionals have a deep and broad understanding of tax laws, as well as relevant industry knowledge and expertise. We can provide comprehensive tax services to SPACs:
Values that We Can Bring to You
Strong Regulatory Compliance and Governance
Deep Tax Knowledge & Expertise
Improved Financial Visibility
One-stop for All
Tricor – An ideal partner to embark your SPAC-IPO journey
Tricor’s Financial Administration services support all types of companies, big and small, private and listed, with our comprehensive range of services, from planning and implementation of treasury functions, compliance with financial reporting requirements, to regular accounting tasks which are otherwise time-consuming. In addition, our connected services across all tax disciplines can help you streamline your tax compliance processes, and provide you with high-quality tax advice for making informed decisions.
As the largest the largest service provider in Hong Kong’s IPO and share registry market, we have participated in more than 50% of IPOs in the past years. We bring together an essential set of capabilities to help your company excel to the next stage of growth and beyond.