Question
Mr Yee Jenn Jong: To ask 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.
Written Answer (attributed to Mr Lim Hng
Kiang, Minister for Trade and Industry)
1. 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.