Yes it would have been a long wait for an HK listing as well, and they might not even have been accepeted. The timing for them was crucial to be able to take as much advantage of their agreement with the MOT as possible.
Up until 2009-present there wasn't all of this negativity around SPACs, and I believe it has been a concerted effort by some key players on wall street and the media to discourage companies from taking this route.
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