收购新加坡上市公司 – Acquiring a Singapore listed company (RTO Singapore)

收购新加坡上市公司： Singapore is a global financial hub and has many listed companies listed on the Singapore Exchange Securities Trading Limited (SGX-ST).  Singapore is also one of the largest private banking centres in the world after Switzerland.  Many companies come to Singapore to list on the SGX-ST and raise funds by issuing bonds. 

新加坡是一个国际金融中心而有很多公司在新交所上市。在瑞士国以外，新加坡是一个国际私人银行中心。许多国际公司到新加坡在新交所上市或发债券。收购新加坡上市公司是个明确之举。

This article covers some of the key questions that people ask when buying listed shells on the SGX.   我们会在此文章解答许多投资者对于收购新加坡上市公司的疑问。

#1： Why you should acquire a Singapore listed shell?  为和您要收购新加坡上市公司？

Singapore is a global financial market so you can access investors from the US/Europe and South East Asia for your companies.  Singapore is a good place to grow your business in the normal capital markets way, by aiming to grow your organic business steadily, issue dividends to your investors, raising some debt to do mergers and acquisitions for your business.  So that your company has a cash cow business to underpin your bottom line while has a growth element to drive the share price.

新加坡是一个国际金融中心所以有许多美国和欧洲投资者会投入新加坡上市公司。若您要用金融市场常规的方式帮您公司扩充生意，新加坡上市是一个良好的市场。金融市场常规比如： （i） organic growth strategy – 必须拥有一个有系统和有程序的增长措施； （ii）按时发股息给股东，而会促使股东对于公司的股价有兴趣 ; (iii) 新加坡公司在海外做收购或并购而用发债的方式来筹款。所以一个好的上市公司必须要有一个好的基本生意发股息而有一个有增长潜能的部分来鼓励投资者看重您的上市公司。

Singapore is a good place to acquire a listed company for the purpose of global public relations.  Some companies are local brands, so by listing in Singapore and working public relations properly can transform your local brand into an international brand.

收购一个新加坡上市公司能让您的公司拥有国际的口碑。很多公司在一个国家有本地得口碑，可是一个外国上市得公司能在海外做宣传而本地得公司能转型成一个国际海外品牌。

Singapore is the South East Asian HQ for many global fortune 500 companies.  If you are listed in Singapore, do maximize this advantage by setting up your global business development centre in Singapore to work with the global MNCs in Singapore.

新加坡是东南亚的跨国公司的中兴而在新加坡的上市公司能设立国际销售部门在新加坡跟跨国公司合作。

From the owner’s perspective, Singapore has many private banks that would welcome you to deposit your shares in your listed company there and help you with loans against such collateral.

若您是资产控股股东，若您有一个新加坡的上市公司， 那您能在新加坡能开一个私人银行户口而抵押股权来贷款。

#2： What are good target assets for a listed shell on the SGX by way of a RTO?  如何选要在新加坡上市的资产做反收购而收购新加坡上市公司？

The best assets for a reverse takeover listing (RTO) listing would be assets that can grow in value over time and cash cow business with good dividend yield which is issued faithfully yearly.  若您要在新加坡买壳而做反收购交易，那最好的收购资产会是一个能与时间增长的生意而也能按时发股息。

Example #1

One example is injecting a property development which has a cash cow (rental yield) to underpin the dividend yield and another part which has a development plot whereby the company can make money from the development margin.  This has the advantage of having a good profit base with growth potential.  Better if the rental portion is larger than the development portion so that the property valuation discount is not so large (the development portion usually has a discount to the yield co portion).

案例#1

新加坡上市公司的反收购资产的对象通常会是房地产项目。但是关键是这个项目必须要有两个部分才能实行： （i） 资产必须有一个租赁部分来支撑公司的股息； 和（ii）房地产开发部分来促使公司股市的增长。

Example #2

Another example that has been quite popular in recent times is to inject a mining asset into a Singapore listed shell.  Commodity mining assets like copper, tin and other assets are useful for achieving good valuations for your listed company after completion.

案例#2

新加坡上市公司的反收购资产的对象也会有矿产的项目， 所以新加坡上市公司也会收购外国的矿产资产因为这些资产会有好的市值。

 

#3： Can I get a PR in Singapore by acquiring a listed company?  收购新加坡上市公司能得到永久认证？

Many foreign asset owners are always interested to find out whether owning a Singapore listed shell can help in their PR applications in Singapore.  Singapore is generally pragmatic and if the applicant over time contributes to Singapore more and more, then the applicant may stand a higher chance to apply for his permanent residence in Singapore.

很多资产老板会问若在新加坡收购新加坡上市克可以申请新加坡永久准证吗？新加坡政府会看新加坡上市公司得老板在新加坡有对新加坡有贡献比如每年纳税得金额有逐渐得镇长来考利。

In conclusion, acquiring a Singapore listed shell is an important step in your overseas listing journey and the second part of the story is to carry out a reverse takeover transaction to complete the acquisition.  Getting a good corporate legal counsel to assist you in this complex transaction is important for success in the transaction.

总而言之，收购一个合适得新加坡上市公司克是第一步而实行反收购交易是第二步。在收购新加坡上市公司克时必须先委派一个优秀得公司法律师为上上策。

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