Regulatory Alerts2012-04-30
Added
Notice 810 Take-Over and Merger
The Monetary Authority of Singapore mandates that all finance companies must consult the Authority regarding any plan to acquire more than 20% of shares in a Singapore-incorporated bank or finance company. This consultation is required at the negotiation stage when success is reasonably anticipated to secure in-principle approval before proceeding. Failure to obtain this prior approval may result in the Authority rejecting the take-over or merger proposal even if the parties have subsequently agreed to the terms.
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