Singapore Passed Significant Investments Review Bill, Requires Local or Foreign Investors to Notify Singapore Minister Investing in More than 5% Shareholding in Designated Entities Including Telecommunications, Banking & Utilities, To Seek Approval Before Becoming 12%, 25% or 50% Controller, Approval Required to Appoint Chair, CEO & Director, No Winding Down without Approval, Government Can Intervene for National Securities Issues
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Singapore Passed Significant Investments Review Bill, Requires Local or Foreign Investors to Notify Singapore Minister Investing in More than 5% Shareholding in Designated Entities Including Telecommunications, Banking & Utilities, To Seek Approval Before Becoming 12%, 25% or 50% Controller, Approval Required to Appoint Chair, CEO & Director, No Winding Down without Approval, Government Can Intervene for National Securities Issues
15th January 2024| Hong Kong
Singapore has passed the new Significant Investments Review Bill (9/1/24), requiring local or foreign investors to notify the Singapore Minister if investing in more than 5% shareholding in designated entities including telecommunications, banking & utilities, to seek approval before becoming 12%, 25% or 50% controller, approval required to appoint Chair, CEO & Director, no winding down of company without approval, and Singapore government can intervene for national securities issues.The Significant Investments Review Bill was introduced on 6th November 2023. View: Significant Investments Review Bill
” Singapore Passed Significant Investments Review Bill, Requires Local or Foreign Investors to Notify Singapore Minister Investing in More than 5% Shareholding in Designated Entities Including Telecommunications, Banking & Utilities, To Seek Approval Before Becoming 12%, 25% or 50% Controller, Approval Required to Appoint Chair, CEO & Director, No Winding Down without Approval, Government Can Intervene for National Securities Issues “
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Singapore Proposes Significant Investments Review Bill, Requires Local or Foreign Investors to Notify Singapore Minister Investing in More than 5% Shareholding in Designated Entities Including Telecommunications, Banking & Utilities, To Seek Approval Before Becoming 12%, 25% or 50% Controller, Approval Required to Appoint Chair, CEO & Director, No Winding Down without Approval, Government Can Intervene for National Securities Issues
4th November 2023 – Singapore is proposing a new Significant Investments Review Bill, requiring local or foreign investors to notify the Singapore Minister if investing in more than 5% shareholding in designated entities including telecommunications, banking & utilities, to seek approval before becoming 12%, 25% or 50% controller, approval required to appoint Chair, CEO & Director, no winding down of company without approval, and Singapore government can intervene for national securities issues. The Significant Investments Review Bill will be introduced on 6th November 2023, and implemented in 2024 if the bill is passed.
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