Finance Companies Act 1967 · 2020 Revised Edition · Part 4 · Regulation of Business
26. Restrictions on investments by finance companies
Feedback & supportA finance company must not acquire or hold any part of the share capital of, or otherwise have a direct interest in, any financial, commercial, agricultural, industrial or other undertaking exceeding in aggregate 25% of the capital funds of that finance company except such shareholding as the finance company may acquire in the course of realising debts due to it, which shareholding must, however, be disposed of at the earliest suitable moment.
finance company
“finance company” means any company licensed under this Act to carry on financing business, and all branches and offices in Singapore of such a company are deemed to be one finance company for the purposes of this Act;
Despite subsection (1), the percentage holding or interest mentioned in that subsection may upon the application of a finance company to the Authority, and with the consent of the Authority, be increased to at most 50% of the capital funds of that finance company.