Government-supported Loan Schemes Used for Mergers and Acquisitions Abroad by Singapore-based Companies

Mr Yee Jenn Jong asked the Minister for Trade and Industry in 2012, 2013 and 2014, how many Government-supported loan schemes such as the Internationalisation Finance Scheme have been used for the purpose of mergers and acquisitions abroad by Singapore-based companies.

Mr Lim Hng Kiang: The Government supports cross-border M&As with a range of tools. IE’s Global Company Partnership (GCP) grants supports Singapore companies in the areas such as M&A strategy development, market feasibility study, target identification, due diligence, valuation and post-merger integration. M&A-related GCP grants has increased from 11 cases in 2012 to 21 cases in 2013, and to 32 cases in 2014. In addition, non-financial assistance such as outreach and seminars, as well as the M&A tax allowance are available to internationalising companies.