3. Parliamentary replies
Minister Lim Hng Kiang's Written Reply to Parliament Question on Government-supported Loan Schemes Used for M&As Abroad
13 February 2015
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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.