29 May '17, 6pm

Postal Services (Exemption from Section 26B) Order 2017

Citation and commencement 1. This Order is the Postal Services (Exemption from Section 26B) Order 2017 and come into operation on 9 June 2017. Exemption from notice requirement in section 26B(1) of Act 2. A designated postal licensee is exempt from the requirement in section 26B(1) of the Act to give notice in respect of any person who, because of a pro forma transaction within the meaning of paragraph 4 — (a ) acquires 5% or more but less than 12% of the voting shares in the designated postal licensee; or (b ) controls 5% or more but less than 12% of the voting power in the designated postal licensee. Exemption from approval under section 26B(2), (3) or (4) of Act for control or consolidation 3. —(1) A person is exempt from the requirement to obtain prior written approval under section 26B(2) of the Act if the person will, by reason of a pro forma transaction within the m...

Full article: http://statutes.agc.gov.sg/aol/search/display/view.w3p;or...

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