Reuters Article Online - Update2-Reach Energy Whets Investor Appetite For Malaysian SPACs

(Adds details on new regulations for Malaysian SPACs, historical performance of peers)

Aug 15 (Reuters) - Reach Energy Bhd IPO-RESE.KL, set up by veterans in Malaysia's oil and gas industry, made its market debut in Kuala Lumpur on Friday after completing the country's largest-ever initial public offering by a special purpose acquisition company (SPAC).

The 750 million ringgit ($236.44 million) IPO exceeded the initial share sales by other local SPACs such as Sona Petroleum Bhd and Cliq Energy Bhd, which raised between $100 million and $150 million last year.

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1. Update2-Reach Energy Whets Investor Appetite For Malaysian SPACs