Debated in Parliament on 12 Feb 2015.
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 (M&As) abroad by Singapore-based companies.
The Government supports cross-border M&As with a range of tools. International Enterprise (IE)'s Global Company Partnership (GCP) grants support Singapore companies in areas, such as M&A strategy development, market feasibility study, target identification, due diligence, valuation and post-merger integration. M&A-related GCP grants have 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.