Disposal of Equity Interest or Voting Power in a Designated Entity

Parties will need to seek approval from the Minister prior to disposing equity interest or voting power in a designated entity which will result in them ceasing to be a 50% or 75% controller.

While the above are default thresholds set out in the Act, the Minister has the flexibility to vary such thresholds for specific entities as the situation warrants, and if so, these will be prescribed in subsidiary legislation.

Parties may seek clarification from OSIR at contact@osir.gov.sg before the commencement of any formal application.

Parties are to submit the relevant notification forms and approval forms
via email to submissions@osir.gov.sg.