On 5 May 2025, the Securities Industry Council released a consultation paper proposing considerable amendments to the Singapore Code on Take-overs and Mergers (Code). These amendments seek to enhance the regulation of take-overs and mergers in Singapore by taking into account evolving market practices and standards in other jurisdictions, particularly those in the United Kingdom and Hong Kong, since the last revision of the Code in 2019.

This update discusses some of the more significant amendments.

If you would like information and/or assistance on the above, you may wish to contact the Partner at WongPartnership whom you normally work with or any of the following Partners:

NG Wai King
Chairman and Managing Partner
d +65 6416 8022
e waiking.ng@wongpartnership.com
Click here to view Wai King's CV.

Andrew ANG
Co-Head – Mergers & Acquisitions
d +65 6416 8007
e andrew.ang@wongpartnership.com
Click here to view Andrew's CV.

CHAN Sing Yee
Co-Head – Mergers & Acquisitions
d +65 6416 8018
e singyee.chan@wongpartnership.com
Click here to view Sing Yee's CV.

Audrey CHNG
Partner – Mergers & Acquisitions
d +65 6416 2427
e audrey.chng@wongpartnership.com
Click here to view Audrey's CV.

CHIANG Yuan Bo
Partner – Mergers & Acquisitions
d +65 6517 8688
e yuanbo.chiang@wongpartnership.com
Click here to view Yuan Bo's CV.