Stefanie Yuen Thio was quoted in The Business Times by Megan Cheah. The article explored the Securities Industry Council’s (SIC) consultation paper on proposed changes to Singapore’s Code on Take-overs and Mergers.

Stefanie commented that the latest changes are “targeted at certain specific issues,” including the imposition of timelines and easing the entry for competing offerors—moves that would, in her view, bring greater clarity to the market.

She added that while the proposed revisions aim to protect the integrity of the competitive process and improve disclosure standards, the code itself remains dense, with numerous provisions and notes. Stefanie suggested that it “would be good to rationalise the document for market participants,” signalling that more accessible guidance may be just as important as the legal reforms themselves.

The article was also syndicated on Singapore Law Watch on 6 May 2025.