Document background
The Share And Asset Purchase Agreement (SAPA) is a sophisticated transaction document used when acquiring both shares in a company and specific assets in Singapore. This hybrid agreement is particularly useful in complex acquisitions where the buyer wishes to acquire both the target company's shares and certain assets that may be held outside the company structure. The document must comply with Singapore's robust regulatory framework, including the Companies Act, Securities and Futures Act, and Competition Act. It typically includes detailed provisions for valuation, transfer mechanics, warranties, and post-completion obligations, while addressing specific Singapore law requirements for share transfers and asset ownership changes.
