PRIVATIZATION OF PARTLY GOVERNMENT-OWNED COMPANIES

Parliament of Singapore · 14 March 1989 · 7th Parliament

Official Report, 14 March 1989, Vol 53, Issue 3 · Open in the reader (summaries, search, filters)

George Yong-Boon YeoLee Siew Choh
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Dr Lee Siew-Choh asked the Minister for Finance if he will state the partly Government owned companies in which the Government has given up its shareholding and the amount received in each case.

BG George Yong-Boon Yeo (for the Minister for Finance): Mr Speaker, Sir, from November 1985 to January 1989, the Government has divested its shareholdings in 24 first and second tier companies which were partly Government-owned. Of the 24 companies, 17 were fully privatized and 7 partially privatized.

The total sales proceeds from these divestments amounted to $430 million.

Source: Singapore Parliament Official Report (Hansard) for 14 March 1989. Republished on SGParliament.