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ANNEX I Schedule of Brunei Darussalam Headnote ... - SICE

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SectorAllIndustryClassificationObligations Concerned National Treatment (Article 12.4)MeasureDescriptionAdministrativeInvestmentThe aggregate <strong>of</strong> foreign shareholdings in PSACorporation and/or its successor body shall besubject to a 49 percent limit.The “aggregate <strong>of</strong> foreign shareholdings” is definedas the total number <strong>of</strong> shares owned by:(i) any individual who is not a Singaporecitizen;(ii) any corporation which is not more than50 percent owned by Singapore citizens or bythe Singapore Government; and/or(iii) any other enterprise which is not owned orcontrolled by the Singapore Government.III-SG-2

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