Reverse Acquisition and SGX Listing: A Winning Combination

Reverse Acquisition and SGX Listing: A Winning Combination

Reverse Acquisition – Introduction

In the ever-evolving world of corporate finance and strategic market entry, enterprises aspiring to secure a public listing often explore innovative avenues to accomplish their listing aspirations. One such distinctive approach, particularly on the venerable Singapore Exchange (SGX), is the artful technique of reverse acquisition. In this comprehensive piece, we delve into the intricacies of reverse acquisition, illuminating how this avant-garde strategy can serve as the linchpin for enterprises seeking to forge their path toward SGX listing triumph.

Premarital Agreement
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Reverse Acquisition – Why do parties use this method to list on the SGX

Reverse acquisition, often abbreviated as RA, stands as a strategic masterpiece, whereby a privately-held corporation consummates the acquisition of an extant publicly-traded entity. This strategic maneuver translates into the private entity’s transformation into a publicly traded entity, deftly circumventing the labyrinthine intricacies entailed in the conventional Initial Public Offering (IPO) process.

Reverse Acquisition – The Lure of SGX Listing Prestige

The SGX, in its stature as an eminent financial hub within the Asian landscape, perpetually beckons to enterprises harboring ambitions to partake in the dynamism of regional markets. An SGX listing bestows an array of substantial advantages, encompassing access to a diversified spectrum of investors, an augmentation of market credibility, and the opportunity to secure substantial financial backing. The seamless passage through the SGX gateway via reverse acquisition not only facilitates access to these coveted benefits but also underpins the commencement of a transformative journey toward listing success.

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Reverse Acquisition –  Key Steps in Navigating a SGX Listing

  1. Discerning the Ideal Target: Embarking on this odyssey commences with the astute identification of a publicly-listed entity within SGX’s purview that harmonizes seamlessly with your corporate vision and sector.
  2. Diligent Due Diligence: The fulcrum of this journey hinges on meticulous due diligence, which serves to scrutinize the financial robustness and regulatory adherence of the target entity, thus ensuring an impeccably orchestrated transition.
  3. Negotiation and Pivotal Terms: Engagement in shrewd negotiations is paramount, as it culminates in the crystallization of acquisition terms. These encompass valuation, the delineation of management hierarchies, and the conscientious resolution of any extant financial obligations.
  4. Mastery of Regulatory Mosaic: The sagacious engagement of seasoned professionals who possess an intimate understanding of the multifaceted SGX regulatory panorama is imperative. Their expertise ensures the navigation of the regulatory labyrinth, securing the requisite approvals from relevant regulatory authorities.
  5. Synchronization of Financial Strategy: Concomitantly, a financial strategy is meticulously crafted, aligning the acquired entity seamlessly with your corporate objectives and underpinning the acquisition with requisite financial backing.
  6. Apostasy Integration: The culmination of the reverse acquisition ceremony ushers in the era of harmonious integration. This entails the alignment of corporate cultures, the adept handling of requisite reporting obligations, and the unwavering commitment to ongoing regulatory compliance.

Challenges and Prudent Considerations

Though reverse acquisition radiates allure, it is not devoid of challenges. Enterprises must brace themselves for heightened regulatory scrutiny, potential shareholder disparities, and the prudent articulation of a well-structured post-listing stratagem. Engaging proficient advisors well-versed in SGX regulations is the sine qua non for adeptly navigating these nuances.


Reverse acquisition is an alluring and strategic conduit to SGX listing success. It embodies the convergence of the advantages inherent in a publicly-traded status with the streamlined elegance of the listing process. By adroitly steering through the labyrinth of identifying fitting targets, the meticulous due diligence process, and the assiduous alignment with regulatory prerequisites, enterprises can successfully traverse the gateway into the realm of public trading within one of Asia’s preeminent exchanges. While challenges loom, the potential rewards render reverse acquisition an alluring avenue for enterprises harboring ambitious aspirations of SGX listing. It is not merely about attaining SGX listing status; it is about thriving within its embrace and beyond. Reverse acquisition, with its profound strategic finesse, stands as the cornerstone of such achievements.

Shareholder Agreement
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  1. 识别理想目标: 这一旅程的开始源于明智地识别符合您企业愿景和领域的SGX管辖范围内的公开上市实体。
  2. 认真尽职调查: 这一旅程的关键在于认真的尽职调查过程,旨在审查目标实体的财务强劲性和法规合规性,以确保无可挑剔的过渡。
  3. 谈判和关键条款: 聪明的谈判至关重要,因为它最终确定了收购条件。这些条件包括估值、管理层次结构的界定以及对任何现存的财务义务的慎重解决。
  4. 掌握法规要求: 聘请精通SGX法规的经验丰富的专业人员至关重要,他们了解多层次的SGX法规体系,以确保顺利导航法规的迷宫,并获得相关监管机构的必要批准。
  5. 财务策略的同步: 与此同时,需要精心制定财务策略,将所收购的实体与您的企业目标无缝对接,并为收购提供必要的财务支持。
  6. 后期RA整合: 反向收购仪式的达成标志着和谐整合时代的开始。这包括企业文化的调和、应对必要的报告义务以及坚定的承诺,确保持续遵守法规。




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If you would like to engage an equity capital markets lawyer to list your company on the SGX, please go to our contact us page and contact us and we will arrange for a corporate lawyer to speak to you. 若您想聘请一名公司法律师帮助您的公司在新交所上市,请到我们的联系我们页联系我们,我们将安排一名公司法律师与您交谈。Please obtain specific legal advice from a lawyer before taking any legal action.  Although we try our best to ensure the accuracy of the information on this website, you rely on it at your own risk.  若您对于以上的讯息有疑问,请到我们的联系我们页联系我们,我们将安排一名公司法律师与您交谈。



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