Companies listed in Singapore can receive subsidies

Singapore Lianhe Zaobao January 14, 2019

In order to attract more companies to Singapore, the Singapore government will provide a subsidy of S$75 million over the next three years. Companies applying for listing in Singapore will receive a 20% subsidy for listing fees, while companies in emerging technology sectors will receive up to 70%. allowance.

This is part of the Grant for Equity Market Singapore (GEMS), which was officially launched by the Monetary Authority of Singapore from February 14 for a three-year period. The news was announced by Treasury Secretary Wang Ruijie at the UBS Fortune Conference this morning.

Emerging technology companies with a market capitalization of at least S$300 million are listed on the Singapore Exchange and can receive up to 70% of the listing fee (not more than $1 million), including emerging financial technology, consumer digital technology, and on-demand service companies. Wait.

High-growth companies with a market capitalization of at least S$300 million can receive up to 20% of the listing fee (up to 500,000 yuan), which includes companies in the fields of advanced manufacturing, urban solutions and infrastructure, and health care.

All other companies receive up to 20% funding (no more than $200,000).

It is understood that small and medium-sized enterprises are listed on the SGX, and the listing costs range from RMB 1 million to RMB 2 million. This does not include underwriting fees.

The program is for local and foreign companies, but does not include real estate investment trusts and business trusts.

Source: Singapore Lianhe Zaobao

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