A cyclist reflected in a puddle rides past the skyline of Singapore’s financial district. A special purpose acquisition vehicle backed by Hong Kong billionaire Richard Li Tzar-kai is buying Singapore’s PropertyGuru, Southeast Asia’s biggest property technology company. Photo: EPA-EFE
A cyclist reflected in a puddle rides past the skyline of Singapore’s financial district. A special purpose acquisition vehicle backed by Hong Kong billionaire Richard Li Tzar-kai is buying Singapore’s PropertyGuru, Southeast Asia’s biggest property technology company. Photo: EPA-EFE

Richard Li-backed SPAC agrees to buy Singapore’s PropertyGuru for US$1.8 billion

  • PropertyGuru is Southeast Asia’s biggest property technology company
  • Singapore company is the first acquisition by one of Li’s US-listed three blank-cheque companies

A cyclist reflected in a puddle rides past the skyline of Singapore’s financial district. A special purpose acquisition vehicle backed by Hong Kong billionaire Richard Li Tzar-kai is buying Singapore’s PropertyGuru, Southeast Asia’s biggest property technology company. Photo: EPA-EFE
A cyclist reflected in a puddle rides past the skyline of Singapore’s financial district. A special purpose acquisition vehicle backed by Hong Kong billionaire Richard Li Tzar-kai is buying Singapore’s PropertyGuru, Southeast Asia’s biggest property technology company. Photo: EPA-EFE
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