Singapore legislation
Regulation 3
of Significant Investments Review (Exemption — Exxon Mobil Asia Pacific Pte. Ltd.) Order 2024
Regulation 3
Exemption from section 18(1) of Act
Subregulation 1
An entity that becomes a Level A controller of ExxonMobil Asia Pacific Pte. Ltd. (being a designated entity) is exempt from the requirement under section 18(1) of the Act to give notice of that fact, if the conditions in sub‑paragraph (2) are satisfied.
Subregulation 2
For the purposes of sub‑paragraph (1), the conditions are that, at the time the entity becomes a Level A controller —
Exxon Mobil Corporation holds 100% of the total equity interests in, and controls 100% of the voting power in, ExxonMobil Asia Pacific Pte. Ltd.; and
Exxon Mobil Corporation holds 100% of the total equity interests in, and controls 100% of the voting power in, the entity becoming a Level A controller.