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 | Hong Kong
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.
“ 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 “
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- July 2024 - Hong Kong
- July 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Oct 2024 - Hong Kong
- Nov 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit