As a Partner in the Capital Markets and Mergers & Acquisitions Practice Groups, Danny regularly keeps pace with his clients as they “bulk up” or “slim down” through all forms of corporate exercises (including fund-raising, acquisitions, disposals, investments, IPOs, delistings and restructurings).
Guided by his professional motto “Deal-make, and not deal-break. Always find a way to bridge the gap between negotiating parties and close the deal“, Danny has, for more than two decades, practised and advised on all aspects of corporate legal advisory and transactional work, including share purchases, asset disposals, joint ventures and investments, takeover offers, IPOs, rights issues, placements, reverse takeovers, delistings, corporate restructurings and reorganisations, and continuing listing compliance. Danny’s clients comprise MNCs, SMEs, private equity and institutional investors, Singapore and foreign listed companies, financial institutions and others. He has, in particular, represented local and regional clients in their outbound investments into China, and conversely, Chinese clients making inbound investments into Singapore, including acquiring substantial stakes in Singapore listco targets and listing via IPOs and reverse takeovers.
EXPERIENCE
- Advised Hsteel Pte. Ltd. on its S$140 million investment in New Vision Holding Pte. Ltd., which is presently held by The Place Singapore Investment Pte. Ltd. (a subsidiary of The Place Holdings Limited, which is listed on the Main Board of the Singapore Exchange), MCC Land (Singapore) Pte. Ltd. and Sun Card Limited. New Vision owns the land at 15 Enggor Street in Tanjong Pagar, Singapore which is slated for redevelopment.
- Advised HG Metal Manufacturing Limited, which is listed on the Main Board of the Singapore Exchange, on its S$6.97 million placement of shares. HG Metal is one of the largest steel distributors and processors around the region, with business presence in Singapore, Indonesia, Myanmar and Malaysia.
- Advised Lee Yuet Chin, Law Kian Siong, Law Pei Ling, Law Kian Guan, Law Kian Hong, Law Boon Seng and Dato Dr Lee Chung Wah on their S$6.9 million disposal of shares in Versalink Holdings Limited, which is listed on the Catalist Board of the Singapore Exchange. The group is a leading office furniture manufacturer and designer based in the town of Klang, Malaysia, with in-house designers, consultants and manufacturing capabilities, and its products are exported worldwide to North America, Australia, Middle East and throughout Asia.
- Advised the offeror, Aw Cheok Huat, on his S$23.3 million mandatory conditional cash offer for the shares of ICP Limited, which is listed on the Catalist Board of the Singapore Exchange. The group holds the Asia brand rights to the globally recognised Travelodge hotel brand, and manages and franchises hotels under the Travelodge brand. It also owns and charters two steel petroleum product tankers.
- Advised Kirin Holdings Co. as Singapore counsel, on its A$1.88 billion acquisition of shares in Blackmores Ltd., which is listed on the Australian Securities Exchange, by way of a scheme of arrangement. Blackmores is Australia’s leading natural health company that offers an array of vitamins, minerals, herbal products and nutritional supplements, employing more than 1,200 people in 13 markets across Asia-Pacific.
- Advised Dhu Holding Pte. Ltd. on its S$24.6 million acquisition of shares in HG Metal Manufacturing Limited from Flame Gold International Limited, Ng Joo Yow, Ang Gim Teck and Ang Gim Thian. HG Metal is listed on the Main Board of the Singapore Exchange and is one of the largest steel distributors and processors around the region, with business presence in Singapore, Indonesia, Myanmar and Malaysia.
- Advised Sinochem International (Overseas) Pte. Ltd. on its US$180.87 million sale of shares in Halcyon Agri Corporation Limited, which is listed on the Main Board of the Singapore Exchange, to China Hainan Rubber Industry Group Co., Ltd. (in turn listed on the Shanghai Stock Exchange). The sale will result in China Hainan Rubber triggering a pre-conditional mandatory general offer for all the shares in Halcyon Agri, which values the group at US$502.43 million. The group is a global leader in natural rubber with key operating assets located in Indonesia, Malaysia, Thailand, China and Africa, supported by a network of logistics assets and sales offices in Southeast Asia, China, Africa, Europe and the United States.
- Advised Duchess Avenue Pte. Ltd. as offeror on its S$2.23 billion conditional exit offer for shares in Golden Energy and Resources Limited, which is listed on the Main Board of the Singapore Exchange, pursuant to a voluntary delisting of the company. The group is an energy and resources group involved in exploration, mining and marketing of metallurgical coal in Australia and energy coal in Indonesia, as well as gold mining, forestry and renewable energy.
- Advised Leader Environmental Technologies Limited. which is listed on the Main Board of the Singapore Exchange Securities Trading Limited, on its issue of US$15 million redeemable zero-coupon convertible bonds to InnoVision Pomelo LP. The company specialises in sludge treatment, artificial intelligence water management, and the production of high performance membranes.
- Advised Kingswin Investment Pte. Ltd. as offeror on its S$11.6 million voluntary unconditional cash offer for shares in MS Holdings Limited, which is listed on the Catalist Board of the Singapore Exchange. The group is engaged in the leasing of mobile and lorry cranes, trading of cranes and related equipment as well as automotive financing.
- Advised Sinochem International (Overseas) Pte. Ltd. on its US$51.3 million acquisition of shares in Halcyon Agri Corporation Limited, which is listed on the Main Board of the Singapore Exchange, from China-Africa Agrichemical Investment Corporation Limited. The group is a global leader in natural rubber with key operating assets located in Indonesia, Malaysia, Thailand, China and Africa, supported by a network of logistics assets and sales offices in Southeast Asia, China, Africa, Europe and the United States.
- Advised 9R Limited, which is listed on the Catalist Board of the Singapore Exchange, on its RM16 million acquisition of Compact Sensation Sdn Bhd, which operates a family karaoke and entertainment business at Pavilion Kuala Lumpur. The company is engaged in supply chain management and lifestyle retail businesses.
- Advised Tamaris Infrastructure Pte. Ltd. on its S$386.7 million exit offer for Moya Holdings Asia Limited, which is listed on the Catalist Board of the Singapore Exchange, pursuant to a voluntary delisting of the company. Moya is one of the largest water treatment operators in Indonesia and focuses on developing and operating water treatment facilities which include extraction and treatment of raw water and distribution and sale of treated water.
- Advised Silkroad Nickel Ltd, which is listed on the Catalist Board of the Singapore Exchange, on the S$109.7 million voluntary conditional general offer via cash or shares by Horowitz Capital Ltd. Silkroad Nickel owns and carries out nickel ore open pit mining operations in Central Sulawesi, Indonesia, including exploration, planning, transportation and stockpiling, delivery and barging, as well as reclamation and rehabilitation works.
- Advised Keppel Infrastructure Trust, which is listed on the Main Board of the Singapore Exchange, as Singapore counsel on its S$346.4 million joint venture with Keppel Infrastructure Holdings Pte Ltd and Keppel Asia Infrastructure Fund LP to acquire Eco Management Korea Holdings Co. for S$666.1 million. The target is a leading integrated waste management services player in South Korea, offering waste treatment and recycling, as well as waste-to-energy services, and operates six waste-to-energy plants and five sludge drying facilities located across South Korea. Keppel Infrastructure engages in power and renewables, environment and new energy businesses by leveraging its proprietary technology, strong technical expertise and proven operating capabilities.
- Advised 9R Limited, which is listed on the Catalist Board of the Singapore Exchange, on its S$0.5 million disposal of shares in Promoter Hydraulics Pte. Ltd. and Marshal Systems Private Limited. The company is engaged in supply chain management and lifestyle retail businesses.
- Advised Keppel Infrastructure Trust, which is listed on the Main Board of the Singapore Exchange, as Singapore counsel on its S$191.6 million joint venture with Keppel Renewable Investments Pte. Ltd. to invest S$233.6 million in a diversified portfolio of operational and pipeline onshore wind projects across Norway, Sweden and the United Kingdom sponsored by Fred. Olsen Renewables AS, one of the largest renewable energy independent power producers in Northern Europe. Keppel Infrastructure engages in power and renewables, environment and new energy businesses by leveraging its proprietary technology, strong technical expertise and proven operating capabilities.
- Advised the judicial managers of Sen Yue Holdings Limited (in judicial management), which is listed on the Catalist Board of the Singapore Exchange, on its S$9.015 million placement of shares to investors coupled with creditors’ schemes of arrangement as part of the company’s resumption of trading proposal. The group is engaged in the businesses of electro-deposition coating, commodities trading focusing on non-ferrous metals, waste management and recycling.
- Advised Silverlake Axis Ltd., which is listed on the Main Board of the Singapore Exchange, on its S$80 million equal access offer to acquire approximately 9.06% of the shares. The group provides digital economy solutions to banks and corporations in banking, retail, government, payment and logistics industries, software customization and implementation services to deliver banking, payment, retail, digital identity and security software solutions, maintenance and enhancement services, sale of software and hardware products, cloud computing SaaS collaborative platform for policy origination and insurance claim processing, and provision of SaaS subscription version of retail automation solution.
- Advised Esteel Enterprise Pte. Ltd. on its RM135.88 million acquisition of Eden Flame Sdn. Bhd. from Lion Industries Corporation Berhad, which is listed on Bursa Malaysia. The target company owns a long steel plant located in Pasir Gudang, Johor, Malaysia that produces billets which are rolled into steel bars and light sections such as angle bars, flat bars and U-channels.
- Advised the joint offerors, comprising Mr. Toh Kok Soon, Synergy Supply Chain Management Sdn. Bhd., Irelia Management Sdn. Bhd., Tristan Management Sdn. Bhd. and Subtleway Management Sdn. Bhd., on their S$5.5 million mandatory unconditional cash offer for the shares and warrants of Viking Offshore and Marine Limited, which is listed on the Catalist Board of the Singapore Exchange. Viking Offshore and Marine is engaged in offshore and marine services to yards, vessels owners and oil majors, and designs, manufactures and installs heating, ventilation, air conditioning and refrigeration systems for offshore oil platforms.
- Advised Esteel Enterprise Pte. Ltd. on its US$122 million acquisition of Antara Steel Mills Sdn Bhd from Lion Industries Corporation Berhad, which is listed on Bursa Malaysia. The target company operates a hot briquetted iron plant in Labuan and is in the business of manufacturing and sale of billets which are rolled into steel bars and light sections such as angle bars, flat bars and U-channels.
- Advised Beng Kuang Marine Limited, which is listed on the Main Board of the Singapore Exchange, on its placement of S$3.35 million new shares via SAC Capital Private Limited, as placement agent. The placement proceeds are to fund working capital. The company provides ship building, ship conversion, offshore construction and turnkey engineering services.
- Advised Blumont Group Ltd., which is listed on the Main Board of the Singapore Exchange, on its S$78.36 million acquisition of shares in Mendol Investments Pte. Ltd., Hinako Investments Pte. Ltd., Prime Holdings Pte. Ltd., Enggano Investments Pte. Ltd. and Mesawak Investments Pte. Ltd., which own Natra Bintan, a Tribute Portfolio Resort, located within a waterfront resort development known as Treasure Bay Bintan, comprising 100 luxury glamping tents and leisure and food and beverage facilities that sit on 52,031 m2 of land as well as land lots of an additional 82,978 m2 in close proximity, with a view to development into an integrated resort with parks. Blumont is engaged in the provision of sterilisation services to pharmaceutical, medical, food and agricultural sectors and also owns hospitality assets.
- Advised Blumont Group Ltd., which is listed on the Main Board of the Singapore Exchange, on its S$41.6 million renounceable non-underwritten rights cum warrants issue. The rights issue proceeds are to strengthen its balance sheet, and enable the group to seize opportunities through the expansion of business. Blumont is engaged in the provision of sterilisation services to pharmaceutical, medical, food and agricultural sectors and also owns hospitality assets.
- Advised Toptip Holding Pte Ltd on its S$233.2 million acquisition of shares in NatSteel Holdings Pte. Ltd., which supplies premium reinforcement steel products and solutions for the construction industry in Southeast Asia and has an annual steel production capacity of over 2 million tonnes, from Tata Steel Limited. Toptip is engaged in the trading of iron ore and steel products.
- Advised Metech International Limited, which is listed on the Catalist Board of the Singapore Exchange, on its S$10.36 million placement of new shares and warrants via Phillip Securities Pte Ltd, as placement agent. The placement proceeds are to be applied towards working capital and general corporate activities, including expansion in environment and sustainability businesses. The group provides management expertise, technical advisory, as well as operations and procurement management services in the recycling, supply chain and renewable energy sectors.
- Advised BRC Asia Limited, which is listed on the Main Board of the Singapore Exchange, on its S$45.9 million placement of new shares to Hong Leong Asia Investments Pte. Ltd., and concurrently, advised Xinsteel Singapore Pte. Ltd., Nuocheng International Trading & Investment Pte. Ltd., Toe Teow Heng, Wu Ai Ping and Shi Yong as vendors on their S$22.2 million sale of BRC Asia shares to the same investor. Hong Leong Asia is part of Hong Leong Group conglomerate, which, amongst others, is a diversified Asian multination supplying building materials and works with its customers to create urban solutions, particularly in the areas of construction and transport that are needed for cities of the future. BRC Asia group is the largest reinforcement steel solutions provider in Singapore, with manufacturing and storage facilities spanning over 150,000m2.
- Advised XM Studios Pte. Ltd., on its S$4.5 million tokenised offering of 6% exchangeable notes issued by its parent company, XM Holdco Pte. Ltd., on ADDX, a platform to enable private market investing in unicorns, pre-IPO companies, hedge funds, and other opportunities. ADDX is regulated by the Monetary Authority of Singapore and is open only to accredited and institutional investors. XM Studios is a producer of luxury collectible assets, and has built an extensive portfolio of franchise properties from the largest global entertainment and pop culture brands, including Disney (Marvel, Star Wars), Warner Bros. Consumer Products (DC Comics), and more.
- Advised Beng Kuang Marine Limited, which is listed on the Main Board of the Singapore Exchange, on its placement of S$1.35 million new shares via SAC Capital Private Limited, as placement agent. The placement proceeds are to fund working capital. The company provides ship building, ship conversion, offshore construction and turnkey engineering services.
- Advised SAC Capital Private Limited as placement agent on the S$26.33 million placement of shares in Yinda Infocomm Limited, which is listed on the Catalist Board of the Singapore Exchange. The placement proceeds are to fund working capital and new business opportunities. The company is a regional integrated and innovative communication solutions and services provider with operations in Singapore and Thailand.
- Advised Woh Seng Holdings Pte. Ltd., as offeror on its S$84.1 million voluntary conditional cash offer for the shares of Cheung Woh Technologies Ltd, which is listed on the Main Board of the Singapore Exchange. Cheung Woh Technologies is engaged in the manufacture and supply of high-precision engineering products to the hard disk drive, communications, electrical and electronics, semiconductor and automotive industries, and owns fully integrated manufacturing facilities in Johor and Penang, Malaysia and Zhuhai, China, as well as advanced in-house precision tool and die manufacturing capabilities.
- Advised Leader Environmental Technologies Limited, which is listed on the Main Board of the Singapore Exchange, on its S$66.05 million renounceable rights issue. The rights issue proceeds are to undertake business investments and acquisitions of environmental related businesses, payments of tender deposits, performance bonds and other project related expenses in respect of sludge treatment, industrial wastewater and high-performance membrane production projects, as well as for general working capital purposes (including payments of professional fees and compliance costs, payroll and other office and related expenses). The group is engaged in sludge treatment, industrial wastewater treatment, high performance membrane products and greentech investments.
- Advised Fairfax Asia Limited, as offeror on its S$210.8 million voluntary conditional cash offer for the shares of Singapore Reinsurance Corporation Limited, which is listed on the Main Board of the Singapore Exchange. Singapore Reinsurance is engaged in underwriting general reinsurance as well as investment activities of non-reinsurance funds. Fairfax group is listed on the Toronto Stock Exchange and is involved in property and casualty insurance and reinsurance and associated investment management.
- Advised OBG & Sons Pte Ltd on its S$12.5 million sale of shares in Tye Soon Limited, which is listed on the Main Board of the Singapore Exchange, to Bapcor Asia Limited. Tye Soon is a prominent independent automotive parts distributor in Southeast Asia, with one of the largest portfolio of top-tier global brands of automotive parts, and its main markets are served by operations in Singapore, Malaysia, Thailand, Indonesia, Hong Kong SAR, China, South Korea and Australia. Bapcor group is listed on the Australian Stock Exchange and is a leading provider of vehicle parts, accessories, equipment, service and solutions in Asia Pacific, with its core business in the automotive aftermarket.
- Advised World Class Global Limited (which is listed on the Catalist Board of the Singapore Exchange), as offeree on the S$192.33 million privatisation scheme of arrangement by its controlling shareholder, Aspial Corporation Limited (which is listed on the Main Board of the Singapore Exchange). World Class is engaged in property development and investment in major cities in Australia and Malaysia, as well as operation of hotels in Malaysia, whilst Aspial owns a diversified portfolio of real estate, financial services, jewellery and hospitality businesses.
- Advised UOB Kay Hian Pte. Ltd., as manager and underwriter, on the S$54.65 million renounceable rights issue by MM2 Asia Ltd., which is listed on the Main Board of the Singapore Exchange. The rights issue proceeds are to repay medium term notes of the company and for general working capital and operations of the group. The group is principally engaged in content production, distribution and sponsorship, post-production and content production, cinema operations, and event production and concert promotion, and its integrated businesses extend across the content, immersive media, cinema, event and concert industries in Singapore, Malaysia, Hong Kong, China, Taiwan and US.
- Advised Viking Offshore and Marine Limited, which is listed on the Catalist Board of the Singapore Exchange, on its S$3 million placement of shares and loan in connection with a restructuring proposal, which includes a debt write-off pursuant to a creditors’ scheme. Viking Offshore provides offshore and marine system solutions to yards, vessels owners and oil majors around the world as well as asset chartering services.
- Advised Leader Environmental Technologies Limited, which is listed on the Main Board of the Singapore Exchange, on its S$80 million placement of new shares via Stirling Coleman Capital Limited, as placement agent. The placement proceeds are to be applied towards investing in large scale environmental related projects, including BOTs, and to invest in synergistic companies or companies with environmental technologies which are complementary to the group’s business. The group is engaged in sludge treatment, industrial wastewater treatment, high performance membrane products and greentech investments.
- Advised ZHCC Investment Holdings Pte. Ltd., as offeror on its S$32.9 million voluntary conditional cash or shares offer for the shares of International Press Softcom Limited, which is listed on the Main Board of the Singapore Exchange. International Press Softcom is engaged in the provision of supply chain solutions, print and media products as well as computer systems integration and consultancy services.
- Advised BRC Asia Limited, which is listed on the Main Board of the Singapore Exchange, on its S$14.2 million placement of new shares via CGS-CIMB Securities (Singapore) Pte. Ltd., as placement agent. The placement proceeds are to be applied towards repayment of the group’s outstanding bank borrowings. The group is the largest reinforcement steel solutions provider in Singapore, with manufacturing and storage facilities spanning over 150,000m2.
- Advised TEE International Limited, which is listed on the Main Board of the Singapore Exchange, on its S$3.52 million disposal of shares in Global Environmental Technology Company Limited, which is one of Thailand’s largest waste water treatment companies, with a total capacity of 350 million litres per day, serving commercial, industrial, business and residential communities. TEE International is an integrated engineering solutions provider for office and commercial buildings, institutional buildings, factories, research facilities, residential apartments as well as infrastructure facilities.
- Advised Enviro-Hub Holdings Ltd., which is listed on the Main Board of the Singapore Exchange, on its US$5 million investment in Pastel Glove Sdn. Bhd., in connection with the manufacturing and trading of rubber gloves. Enviro-Hub is engaged in businesses including trading, recycling and refining of e-waste/metals, piling contracts, construction, rental and servicing of machinery, property investments and management, as well as plastics to fuel refining.
MEMBERSHIPS / DIRECTORSHIPS
- Member, Singapore Academy of Law
- Member, Law Society of Singapore
