Singapore legislation

Regulation 2

of Exchanges (Demutualisation and Merger) (Value of Transferee Holding Company’s Shares) Notification 1999

Regulation 2

Value of transferee holding company’s shares

For the purposes of section 6(5) of the Act, the value of each transferee holding company’s share allotted and issued under section 6 of the Act is $5,000 per share.