PART 5
INFORMATION FOR THE CCS PUBLIC REGISTER
(TO BE COMPLETED BY THE APPLICANT(S))
1. The Applicants
This notification is made jointly by (1) Penguin Ferry Services Pte Ltd ("Penguin") and SIF Group Pte Ltd ("SIF") (collectively the "Parties").
2. Description of the merger
This notification concerns the proposed acquisition by SIF Group Pte. Ltd. (the “Acquiror”) of 100% of the issued and paid-up share capital of Penguin Ferry Services Pte. Ltd. (the “Target”) (the “Proposed Acquisition”).
The Target provides passenger ferry services between Singapore and, inter alia, Batam, Indonesia. The Acquiror and Target submit that the Proposed Acquisition will not lead to a substantial lessening of competition in the market for the provision of passenger ferry services between Singapore and Batam, Indonesia, because there are currently no horizontal or vertical overlaps between the Acquiror’s and Target’s businesses.
3. Relevant good(s) or service(s) involved
The provision of passenger ferry services between Singapore and Batam, Indonesia.
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