Danny Lim.JPEG

Danny Lim

Partner

Practice Area:

Capital Markets
Mergers & Acquisitions

LLB (Hons), National University of Singapore
MSc (Applied Finance), Nanyang Technological University
Advocate & Solicitor, Singapore

T +65 6232 0475 / +65 9452 0078
E danny.lim@rajahtann.com

As a Partner in the Capital Markets and Mergers & Acquisitions Practice Group, 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 out-bound investments into the PRC, and conversely, PRC clients making in-bound investments into Singapore, including acquiring substantial stakes in Singapore listco targets and listing via IPOs and reverse takeovers.

Experience
  • S$140 million Investment by Hsteel Pte. Ltd. in New Vision Holding Pte. Ltd.
    Advised Hsteel Pte. Ltd. in 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, which is slated for redevelopment (Aug 2023)
  • S$6.97 million Placement of Shares in HG Metal Manufacturing Limited
    Advised HG Metal Manufacturing Limited, which is listed on the Main Board of the Singapore Exchange, in 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 (Aug 2023)
  • S$6.9 million Sale of Shares in Versalink Holdings Limited: 
    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  in 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 (July 2023)

  • S$23.3 million Mandatory Conditional Cash Offer for Shares in ICP Limited: 
    Advised the offeror, Aw Cheok Huat, in his mandatory conditional cash offer for the shares of ICP Limited, which is listed on the Catalist Board of the Singapore Exchange. Based on the offer price of S$0.007 per share, the company is valued at approximately S$23.3 million. The group holds the Asia brand rights to the globally recognized Travelodge hotel brand, and manages and franchises hotels under the Travelodge brand. It also owns and charters two steel petroleum product tankers (July 2023)
  • A$1.88 billion Acquisition of Shares in Blackmores Ltd. by Kirin Holdings Co.: 

    Advised Kirin Holdings Co. as Singapore counsel, in 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 (April 2023)

  • S$24.6 million Acquisition of Shares in HG Metal Manufacturing Limited:  

    Advised Dhu Holding Pte. Ltd. in 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 (March 2023)

  • US$180.87 million Sale of Shares in Halcyon Agri Corporation Limited:
    Advised Sinochem International (Overseas) Pte. Ltd. in 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, PRC and Africa, supported by a network of logistics assets and sales offices in South East Asia, PRC, Africa, Europe and the United States (November 2022)
  • S$2.23 billion Exit Offer for Voluntary Delisting of Golden Energy and Resources Limited:
    Advised Duchess Avenue Pte. Ltd. as offeror in its 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 exit offer is conditional on, amongst others, the distribution in specie of shares held by the company in PT Golden Energy Mines Tbk, which is listed on Indonesia Stock Exchange. Based on the effective offer price of S$0.846 per share, the group is valued at S$2.23 billion. 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 (November 2022)
  • Issue of US$15 million Redeemable Zero-Coupon Convertible Bonds by Leader Environmental Technologies Limited:
    Advised Leader Environmental Technologies Limited. which is listed on the Main Board of the Singapore Exchange Securities Trading Limited, in 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 (October 2022)
  • S$11.6 million Voluntary Unconditional Cash Offer for Shares in MS Holdings Limited:
    Advised Kingswin Investment Pte. Ltd. as offeror in its voluntary unconditional cash offer for shares in MS Holdings Limited, which is listed on the Catalist Board of the Singapore Exchange. Based on the offer price of S$0.07 per share, the company is valued at S$11.6 million. The group is engaged in leasing of mobile and lorry cranes, trading of cranes and related equipment as well as automotive financing (October 2022)
  • US$51.3 million Acquisition of Shares in Halcyon Agri Corporation Limited:
    Advised Sinochem International (Overseas) Pte. Ltd. in 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, PRC and Africa, supported by a network of logistics assets and sales offices in South East Asia, PRC, Africa, Europe and the United States (September 2022)
  • RM16 million Acquisition of Family Karaoke and Entertainment Business by 9R Limited:
    Advised 9R Limited, which is listed on the Catalist Board of the Singapore Exchange, in 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 (September 2022)
  • S$386.7 million Exit Offer for Voluntary Delisting of Moya Holdings Asia Limited:
    Advised Tamaris Infrastructure Pte. Ltd. in its 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. Based on the offer price of S$0.092 per share, the group is valued at approximately S$386.7 million. The group 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 (September 2022)
  • S$109.7 million Voluntary Conditional General Offer for Silkroad Nickel Ltd.:
    Advised Silkroad Nickel Ltd, which is listed on the Catalist Board of the Singapore Exchange, in the voluntary conditional general offer via cash or shares by Horowitz Capital Ltd.. Based on the offer price of S$0.42 per share, the group is valued at approximately S$109.7 million. The group 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 (August 2022)
  • S$346.4 million Joint Venture by Keppel Infrastructure Trust to Acquire Eco Management Korea Holdings Co., Ltd for S$666.1 million:
    Advised Keppel Infrastructure Trust, which is listed on the Main Board of the Singapore Exchange, as Singapore counsel in 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 (August 2022)
  • S$0.5 million Disposal of Promoter Hydraulics Pte. Ltd. and Marshal Systems Private Limited by 9R Limited:
    Advised 9R Limited, which is listed on the Catalist Board of the Singapore Exchange, in 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 (July 2022)
  • S$191.6 million Joint Venture by Keppel Infrastructure Trust to Invest S$233.6 million in North European operational and pipeline onshore wind projects:
    Advised Keppel Infrastructure Trust, which is listed on the Main Board of the Singapore Exchange, as Singapore counsel in 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 (July 2022)
  • S$9.015 million Placement of Shares coupled with Creditors’ Schemes of Arrangement in Sen Yue Holdings Limited (in Judicial Management):
    Advised the judicial managers of Sen Yue Holdings Limited (in judicial management), which is listed on the Catalist Board of the Singapore Exchange, in 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 (April 2022)
  • S$80 million Equal Access Offer by Silverlake Axis Ltd.:
    Advised Silverlake Axis Ltd., which is listed on the Main Board of the Singapore Exchange, in its S$80 million equal access offer to acquire approximately 9.06% of the shares at S$0.33 per share. 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. (March 2022)
  • RM135.88 million Acquisition of Eden Flame Sdn. Bhd.:
    Advised Esteel Enterprise Pte. Ltd. in 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 that produces billets which are rolled into steel bars and light sections such as angle bars, flat bars and U-channels (January 2022)
  • S$5.5 million Mandatory Unconditional Cash Offer for Shares and Warrants in Viking Offshore and Marine Limited:
    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., in their 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. Based on the offer price of S$0.01 per share, the company is valued at approximately S$5.5 million. The group 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. (November 2021)
  • US$122 million Acquisition of Antara Steel Mills Sdn. Bhd.:
    Advised Esteel Enterprise Pte. Ltd. in 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 (October 2021)
  • S$3.35 million Placement of Shares in Beng Kuang Marine Limited:
    Advised Beng Kuang Marine Limited, which is listed on the Main Board of the Singapore Exchange, in 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 (October 2021)
  • S$78.36 million Acquisition of Natra Bintan, A Tribute Portfolio Resort:
    Advised Blumont Group Ltd., which is listed on the Main Board of the Singapore Exchange, in 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 square metres of land as well as land lots of an additional 82,978 square metres 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 (October 2021)
  • S$41.6 million Renounceable Non-Underwritten Rights Cum Warrants Issue in Blumont Group Ltd.:
    Advised Blumont Group Ltd., which is listed on the Main Board of the Singapore Exchange, in 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 (October 2021)
  • S$233.2 million Acquisition of Shares in NatSteel Holdings Pte. Ltd.:
    Advised Toptip Holding Pte Ltd in 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 (September 2021)
  • S$10.36 million Placement of Shares and Warrants in Metech International Limited:
    Advised Metech International Limited, which is listed on the Catalist Board of the Singapore Exchange, in 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. (September 2021)
  • S$45.9 million Placement of Shares, and S$22.2 million Sale of Shares, in BRC Asia Limited:
    Advised BRC Asia Limited, which is listed on the Main Board of the Singapore Exchange, in 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 in 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 (August 2021)
  • S$4.5 million Tokenised Offering of 6% Exchangeable Notes on ADDX:
    Advised XM Studios Pte. Ltd., in 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 (August 2021)
  • S$1.35 million Placement of Shares in Beng Kuang Marine Limited:
    Advised Beng Kuang Marine Limited, which is listed on the Main Board of the Singapore Exchange, in 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 (July 2021)
  • S$26.33 million Placement of Shares in Yinda Infocomm Limited:
    Advised SAC Capital Private Limited as placement agent in 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 (May 2021)
  • S$84.1 million Voluntary Conditional Cash Offer for Shares in Cheung Woh Technologies Limited:
    Advised Woh Seng Holdings Pte. Ltd., as offeror in its voluntary conditional cash offer for the shares of Cheung Woh Technologies Ltd, which is listed on the Main Board of the Singapore Exchange. Based on the offer price of S$0.285 per share, the company is valued at S$84.1 million. The group is engaged in 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, PRC, as well as advanced in-house precision tool and die manufacturing capabilities (May 2021)
  • S$66.05 million Renounceable Non-Underwritten Rights Issue of Shares in Leader Environmental Technologies Limited:
    Advised Leader Environmental Technologies Limited, which is listed on the Main Board of the Singapore Exchange, in 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 (May 2021)
  • S$210.8 million Voluntary Conditional Cash Offer for Shares in Singapore Reinsurance Corporation Limited:
    Advised Fairfax Asia Limited, as offeror in its voluntary conditional cash offer for the shares of Singapore Reinsurance Corporation Limited, which is listed on the Main Board of the Singapore Exchange. Based on the offer price of S$0.3535 per share, the company is valued at S$210.8 million. 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 (March 2021)
  • S$12.5 million Sale of Shares in Tye Soon Limited:
    Advised OBG & Sons Pte Ltd in 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, PRC, 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. (March 2021)
  • S$192.33 million Privatisation Scheme of Arrangement of World Class Global Limited:
    Advised World Class Global Limited (which is listed on the Catalist Board of the Singapore Exchange), as offeree in the privatisation scheme of arrangement by its controlling shareholder, Aspial Corporation Limited (which is listed on the Main Board of the Singapore Exchange). Based on the offer price of S$0.21 per share, World Class is valued at S$192.33 million, with the offer consideration to be satisfied by way of issue of new Aspial shares. 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 (March 2021)
  • S$54.65 million Renounceable Underwritten Rights Issue:

    Advised UOB Kay Hian Pte. Ltd., as manager and underwriter, in 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, PRC, Taiwan and US. (February 2021)

  • S$3 million Placement of Shares and Loan by Viking Offshore and Marine Limited:

    Advised Viking Offshore and Marine Limited, which is listed on the Catalist Board of the Singapore Exchange, in 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. (February 2021)

  • S$80 million Placement of Shares in Leader Environmental Technologies Limited:

    Advised Leader Environmental Technologies Limited, which is listed on the Main Board of the Singapore Exchange, in 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 (January 2021)

  • S$32.9 million Voluntary Cash or Shares Offer for International Press Softcom Limited:

    Advised ZHCC Investment Holdings Pte. Ltd., as offeror in its 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. Based on the offer price of S$0.045 per share, the company is valued at S$32.9 million. The group is engaged in the provision of supply chain solutions, print and media products as well as computer systems integration and consultancy services (January 2021)

  • S$14.2 million Placement of Shares in BRC Asia Limited:

    Advised BRC Asia Limited, which is listed on the Main Board of the Singapore Exchange, in 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 (January 2021)

  • S$3.52 million Disposal of Shares in Global Environmental Technology Company Limited:

    Advised TEE International Limited, which is listed on the Main Board of the Singapore Exchange, in 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 (January 2021)

  • US$5 million Investment in Pastel Glove Sdn. Bhd.:

    Advised Enviro-Hub Holdings Ltd., which is listed on the Main Board of the Singapore Exchange, in 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 (January 2021)

  • S$2.26 billion Possible Mandatory Unconditional Cash Offer for Shares in Tianjin Zhong Xin Pharmaceutical Group Corporation Limited:
    Advised Bank of China Limited, Singapore Branch, as joint financial adviser (together with DBS Bank Limited) to Jinhushen Biological Medical Science and Technology Co., Ltd and Tianjin Pharmaceutical (Singapore) International Investment Pte. Ltd., as offeror in the possible mandatory unconditional cash offer for shares in Tianjin Zhong Xin Pharmaceutical Group Corporation Limited, which is listed on the Shanghai Stock Exchange and Main Board of the Singapore Exchange. Based on the offer price of US$0.893 per SGX-ST share and RMB17.43 per SSE share, the company is valued at around S$2.26 billion. The group is principally engaged in the manufacturing, sales and distribution of pharmaceuticals, including research, development and manufacture of Chinese patent medicines, Chinese herbal medicines, chemical raw materials and preparations, biomedicine and nutraceuticals, and its main products include cardiovascular and respiratory medicines, gastrointestinal drugs and anti-cancer drugs (December 2020)
  • S$14.9 million Voluntary Conditional Cash Offer for Shares in Sunvic Chemical Holdings Limited:
    Advised Harrier Group Pte. Ltd., as offeror in its voluntary conditional cash offer for the shares of Sunvic Chemical Holdings Limited, which is listed on the Main Board of the Singapore Exchange. Based on the offer price of S$0.028 per share, the company is valued at S$14.9 million. The group is engaged in manufacture and sale of chemical products in the PRC (November 2020)
  • S$11.03 million Mandatory Unconditional Cash Offer for Shares in Blumont Group Ltd.:
    Advised Mark Wee Liang Yee as offeror in his mandatory unconditional cash offer for the shares of Blumont Group Ltd., which is listed on the Main Board of the Singapore Exchange. Based on the offer price of S$0.0004 per share, Blumont is valued at S$11.03 million. The group is engaged in businesses of investment holding, sterilisation, property, and mineral and energy resources (November 2020)
  • S$5.6 million Acquisition of Shares in Blumont Group Ltd.:
    Advised Mark Wee Liang Yee in his S$5.6 million acquisition of shares in Blumont Group Ltd., which is listed on the Main Board of the Singapore Exchange. Blumont is engaged in businesses of investment holding, sterilisation, property, and mineral and energy resources (November 2020)
  • S$4 million Placement of Shares in Viking Offshore and Marine Limited:
    Advised Viking Offshore and Marine Limited, which is listed on the Catalist Board of the Singapore Exchange, in its S$4 million placement of shares 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 (November 2020)
  • S$12.1 million Disposal of Shares in Viking Facilities Management & Operations Pte. Ltd.:
    Advised Viking Offshore and Marine Limited, which is listed on the Catalist Board of the Singapore Exchange, in its S$12.1 million disposal of shares in Viking Facilities Management & Operations Pte. Ltd., which holds the logistics properties located at 21 and 23 Kian Teck Road Singapore. Viking Offshore provides offshore and marine system solutions to yards, vessels owners and oil majors around the world as well as asset chartering services (November 2020)
  • S$10.25 million Placement of Shares in Jiutian Chemical Group Limited:

    Advised CGS-CIMB Securities (Singapore) Pte. Ltd. as placement agent in the S$10.25 million placement of shares in Jiutian Chemical Group Limited which is listed on the Catalist Board of the Singapore Exchange. The placement proceeds are to strengthen the group’s financial position and flexibility to capitalise on growth opportunities, resulting in an injection of funds into the Company as general working capital in anticipation of increased revenue and, where appropriate, investments in asset enhancement and improvement. The group is engaged in the manufacture and production of dimethylformamide and methylamine, as well as processing and sale of consumable carbon dioxide and oxygen (October 2020)

  • S$21.2 million Voluntary Conditional Cash Offer for Shares in LCT Holdings Limited:

    Advised Superior Partners Limited as offeror in its voluntary conditional cash offer for shares of LCT Holdings Limited, which is listed on the Main Board of the Singapore Exchange. Based on the offer price of S$0.60 per share, LCT is valued at S$21.2 million. The group is primarily engaged in property investment and provision of value-added services as well as professional and investment consultancy services (September 2020)

  • S$1 billion Acquisition of Tengri Coal and Energy Pte. Limited and Reverse Takeover of QT Vascular Ltd:
    Advised QT Vascular Ltd., which is listed on the Catalist Board of the Singapore Exchange, in its S$1 billion acquisition of Tengri Coal and Energy Pte. Limited. The target group holds mining licences issued to mine coal deposits in Bayan soum, Tuv province, Mongolia, as well as licences for the construction of power plants and energy facilities in Mongolia. On completion, the acquisition will result in the reverse takeover of the company. The company is currently engaged in the design, assembly and distribution of advanced therapeutic solutions for the minimally invasive treatment of complex vascular diseases (August 2020)
  • S$19.09 million Placement of Shares in UG Healthcare Corporation Limited:
    Advised CGS-CIMB Securities (Singapore) Pte. Ltd. and SAC Capital Private Limited as joint placement agents in the S$19.09 million placement of shares in UG Healthcare Corporation Limited. The placement proceeds are to fund capital expenditures for the growth of the group’s business and for general working capital purposes. The company is an established latex and nitrile glove manufacturer with a global distribution network (August 2020)
  • S$21.9 million Mandatory Conditional Cash Offer for Shares in TEE International Limited:
    Advised TEE International Limited, which is listed on the Main Board of the Singapore Exchange, in the S$21.9 million mandatory conditional cash offer by Singapore Tramore Global Limited for the shares of TEE International. The company is principally engaged in engineering and construction, as well as environmental, power and water infrastructure businesses (July 2020)
  • S$175.45 million Renounceable Non-Underwritten Rights Issue of Shares in Halcyon Agri Corporation Limited:
    Advised Sinochem International (Overseas) Pte. Ltd., the 54.99% majority controlling shareholder of Halcyon Agri Corporation Limited in its S$175.45 million renounceable non-underwritten rights issue of shares. Halcyon Agri is listed on the Main Board of the Singapore Exchange, and the rights issue proceeds are intended to deleverage its balance sheet, strengthen its capital structure and enhance its financial position. The group specialises in the origination, production and distribution of natural rubber, and owns natural rubber plantations, operates natural rubber processing factories as well as sources rubber of a range of origins and grades for distribution to customers through its international sales network (July 2020)
  • S$6.99 million Sale of Shares in Oceanus Group Limited:
    Advised AIF Capital Partners in its S$6.99 million sale of shares in Oceanus Group Limited, which is listed on the Main Board of the Singapore Exchange. The company is engaged in aquaculture, distribution, branding and marketing consultancy, interactive and 360VR, events management, online broadcasting, aquaculture consultancy and innovation businesses (July 2020)
  • Disposal of Chocolate Touch® Drug Coated PTA Balloon Catheter Product by QT Vascular Ltd.:
    Advised QT Vascular Ltd., which is listed on the Catalist Board of the Singapore Exchange, as Singapore counsel in its disposal of Chocolate Touch®, which comprise drug-coated PTA balloon catheter product and its intellectual property, to Genesis MedTech Group for US$4.4 million. QT Vascular is also entitled to additional amounts arising from sale proceeds of the product post commercialisation. The company is engaged in the design, assembly and distribution of advanced therapeutic solutions for the minimally invasive treatment of complex vascular diseases (July 2020)
  • US$128 million Acquisition of Shares in Antara Steel Mills Sdn Bhd:

    Advised Esteel Enterprise Pte. Ltd. in its US$128 million acquisition of shares in Antara Steel Mills Sdn Bhd from Lion Industries Corporation Berhad, which is listed on Bursa Malaysia. Antara 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 (June 2020)

  • Acquisition of Assets and Businesses of HTL International Holdings Pte Ltd:
    Advised the founder of HTL International Holdings Pte Ltd in the acquisition of the assets and businesses of the company from its interim judicial managers from Deloitte & Touche. HTL International Holdings is currently owned by Yihua Lifestyle Technology Co., Ltd. (which is listed on the Shanghai Stock Exchange), and was valued at approximately S$400 million when it was privatised and delisted from the Singapore Exchange in 2016. The group manufactures, imports, and exports leather sofas and leather upholstery furniture, and sells and distributes upholstered furniture and home furnishing products with a presence in more than 52 countries (May 2020)
  • Selective Capital Reduction of Shares in CITIC Envirotech Ltd:
    Advised CITIC Envirotech Ltd. in its selective capital reduction of shares at S$0.55 per share subsequent to its delisting from the Main Board of the Singapore Exchange in January 2020, which values the group at S$1.34 billion. CITIC Envirotech group is a leading membrane-based integrated environmental solutions provider specializing in water and wastewater treatment, water supply and recycling. It is engaged in sludge and hazardous waste treatment as well as river restoration, and further undertakes both turnkey and investment projects as well as provides plant operation and maintenance services in water and environmental projects (May 2020)
  • US$435.6 million Voluntary Conditional Cash Offer for Elec & Eltek International Company Ltd:

    Advised Elec & Eltek International Holdings Limited as offeror in its voluntary conditional cash offer for the shares of Elec & Eltek International Company Ltd, which is dual primary listed on the Main Board of the Singapore Exchange and Main Board of the Stock Exchange of Hong Kong Limited. Based on the offer price of US$2.33 per share, Elec & Eltek International Company is valued at US$435.6 million. The group is primarily engaged in the design, development, manufacture and distribution of high-density, double-sided and multi-layered printed circuit boards (April 2020)

  • S$1.8 million Placement of Shares in Leader Environmental Technologies Limited:

    Advised Leader Environmental Technologies Limited, which is listed on the Main Board of the Singapore Exchange, in its S$1.8 million placement of new shares. Leader Environmental is principally engaged in the business of research and development, design, fabrication, assembly, installation and support services of environmental protection systems, primarily for industrial waste gas and wastewater treatments (March 2020)

  • S$366.2 million delisting of Singapore Depository Shares of Meghmani Organics Limited:
    Advised Meghmani Organics Limited, which is listed on the Main Board of the Singapore Exchange, National Stock Exchange of India Limited and BSE Limited, as Singapore counsel in the delisting of its Singapore depository shares from the Singapore Exchange as part of its composite restructuring scheme of arrangement under the Indian Companies Act 2013 to restructure its existing business divisions. The restructuring will result in two new companies being listed on the Indian stock exchanges. Based on the exit offer price of S$0.72 per Singapore depository share, Meghmani Organics is valued at S$366.2 million. The group is principally engaged in the manufacture and sale of pigments and agrochemcials products, trading in chemical products, chloro-alkali and its derivatives (February 2020)
  • S$50.62 million Sale of Shares in TEE Land Limited:
    Advised TEE International Limited, which is listed on the Main Board of the Singapore Exchange, in its S$50.62 million disposal of shares in its subsidiary, TEE Land Limited, which is also listed on the Main Board of the Singapore Exchange, to Amcorp Supreme Pte. Ltd.. Consequent to the disposal, Amcorp Supreme has launched a pre-conditional mandatory general offer for TEE Land at S$0.179 per share, which values the company at S$80 million. TEE Land is a regional real estate developer and investor, with a presence in Singapore, Malaysia, Australia and New Zealand. The TEE Land group undertakes residential, commercial and industrial property development projects, as well as invests in income generating properties such as hotels in Australia and short-term workers' accommodation in New Zealand (January 2020)
  • S$4 million Equity Investment in Shares of Swee Hong Limited:
    Advised CIIC Group Pte. Ltd. in its S$4 million equity investment in Swee Hong Limited, which is listed on the Main Board of the Singapore Exchange, in connection with a restructuring proposal, which includes a debt write-off pursuant to a creditors' scheme. Swee Hong is a civil engineering contracting company licensed by the Building and Construction Authority and provides architectural, mechanical and electrical, civil and structure, soil works, landscaping and project management services, focusing on three sectors, namely, Parks and Services, Infrastructure Construction and Tunnelling (January 2020)
  • S$6.54 million Placement of Shares in Darco Water Technologies Limited:
    Advised Darco Water Technologies Limited, which is listed on the Main Board of the Singapore Exchange, in its S$6.54 million placement of shares. Darco Water is principally a systems integrator involved in the designing, building, operating and maintaining of water management processes that employ membrane, ion exchange and thermal technologies (January 2020)
  • S$5 million Placement of Shares in Viking Offshore and Marine Limited:
    Advised Viking Offshore And Marine Limited, which is listed on the Catalist Board of the Singapore Exchange, in its S$5 million placement of shares 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 (January 2020)
  • S$1.34 billion Pre-Conditional Exit Offer for Shares in CITIC Envirotech Ltd:
    Advised CKM (Cayman) Company Limited, a special purpose vehicle of CITIC Environment Investment Group Co., Ltd, , as offeror in its pre-conditional exit offer for the shares of CITIC Envirotech Ltd, which is listed on the Main Board of the Singapore Exchange. Based on the offer price of S$0.55 per share, CITIC Envirotech is valued at S$1.34 billion. CITIC Envirotech group is a leading membrane-based integrated environmental solutions provider specializing in water and wastewater treatment, water supply and recycling. It is engaged in sludge and hazardous waste treatment as well as river restoration, and further undertakes both turnkey and investment projects as well as provides plant operation and maintenance services in water and environmental projects (November 2019)
  • Directed Delisting Exit Offer for Shares in China Gaoxian Fibre Fabric Holdings Ltd.:
    Advised China Success Group (International Holdings) Limited, as offeror in the directed delisting exit offer for the shares of China Gaoxian Fibre Fabric Holdings Ltd., which is listed on the Main Board of the Singapore Exchange. Based on the offer price of S$0.0305 per share, China Gaoxian is valued at S$3.47 million. China Gaoxian manufactures premium differentiated fine polyester yarn and fabric in PRC (November 2019)
  • S$95.77 million Voluntary Conditional Cash Offer for Shares in San Teh Ltd:
    Advised San Teh Ltd, which is listed on the Main Board of the Singapore Exchange, in the S$95.77 million voluntary conditional cash offer by Singapore San Teh Real Estate Pte. Ltd. for the shares of San Teh Ltd. The company is engaged in property development and investment, hotel, and PVC pipes and fittings businesses (September 2019)
  • S$31.2 million Acquisition of Shares in CITIC Envirotech Ltd.:
  • Advised CITIC Environment (International) Company Limited in the acquisition of S$31.2 million shares in CITIC Envirotech Ltd., which is listed on the Main Board of the Singapore Exchange, from its other consortium partners. The CITIC Envirotech group is a leading membrane-based integrated environmental solutions provider specializing in water and wastewater treatment, water supply and recycling. It is engaged in sludge and hazardous waste treatment as well as river restoration, and further undertakes both turnkey and investment projects as well as provides plant operation and maintenance services in water and environmental projects (August 2019)
  • Rights Issue coupled with Transfer of Listing from Main Board to Catalist by China Haida Ltd.:
    Advised China Haida Ltd., which is listed on the Main Board of the Singapore Exchange, in its transfer of listing to Catalist Board coupled with a S$4.08 million renounceable non-underwritten rights issue of shares to shareholders. The group is principally engaged in the manufacture of aluminium panels for applications in building and construction industries, and its products are sold through a network in more than 25 major provinces and cities in the PRC, as well as through overseas export network in more than 20 countries (June 2019)
  • S$48 million Disposal of Business and Assets by Jackspeed Corporation Limited:
    Advised Jackspeed Corporation Limited, which is listed on the Main Board of the Singapore Exchange, in the S$48 million disposal of its entire business and assets to its management. Jackspeed is in the business of manufacturing custom-fitted leather trim for automotive and aviation seats as well as interior parts, and its product portfolio includes automotive accessories sector. It is also in the business of trading, leasing and renting of commercial and passenger vehicles (May 2019)
  • Placement of S$15 million Redeemable Convertible Bonds by Yongnam Holdings Limited:
    Advised CGS-CIMB Securities (Singapore) Pte. Ltd. as placement agent in the placement of S$15 million redeemable convertible bonds of Yongnam Holdings Limited, which is listed on the Main Board of the Singapore Exchange, to institutional investors, high net worth individuals, family offices, corporates and accredited investors. Yongnam is a multi-discipline engineering and construction services provider involved in structural steelworks, specialist civil engineering and mechanical engineering, and operates in Singapore, Malaysia, Thailand and Hong Kong (May 2019)
  • Placement of A$32.5 million Shares in Alliance Mineral Assets Limited:
    Advised Alliance Mineral Assets Limited, which is dual listed on Catalist Board of the Singapore Exchange and Australian Securities Exchange, as Singapore counsel on its A$32.5 million strategic placement of shares to Galaxy Resources Limited and Jiangxi Special Electric Motor Co., Ltd. The placement proceeds will be used to provide funding for capital expenditure for continued upgrades to its processing facilities at the Bald Hill mine, future exploration and other initiatives at the Bald Hill mine and for general working capital requirements. Alliance Mineral is engaged in the development, processing and production of mineral resources (May 2019)
  • S$52.2 million Voluntary Unconditional Cash Offer for Shares in Kingboard Copper Foil Holdings Limited:
    Advised Excel First Investments Limited in its voluntary unconditional cash offer for shares in Kingboard Copper Foil Holdings Limited, which is listed on the Main Board of the Singapore Exchange. Based on the offer price of S$0.60 per share, Kingboard Copper Foil is valued at S$433.5 million. The company is engaged in the manufacture and trading of polyvinyl butyral and related products, as well as licensing business (April 2019)
  • Voluntary Conditional Partial Cash Offer for 51% Shares in Sevak Limited:
    Advised Smart Entertainment Private Limited in its voluntary conditional cash partial offer for 51% of the shares in Sevak Limited, which is listed on the Main Board of the Singapore Exchange. Based on the offer price of S$4.00 per share, Sevak is valued at S$47.4 million. Sevak distributes operator products and provides distribution services, information communications and technology distribution and managed services, and is also engaged in mobile devices retail business and further operates a fleet of battery electric vehicles for passenger land transport (March 2019)
  • Disposal of S$11.98 million Shares in Procurri Corporation Limited:
    Advised DeClout Limited, which is listed on the Catalist Board of the Singapore Exchange, in its S$11.98 million disposal of shares in a subsidiary, Procurri Corporation Limited, which is in turn listed on the Main Board of the Singapore Exchange, by way of a put and call option with Novo Tellus PE Fund, L.P.. DeClout is a global builder of next-generation information and communications technologies companies which invests in, incubates and scales companies to become global or regional market leaders (February 2019)
  • Disposal of S$5 million Shares in TEE Medical Services Pte. Ltd. by TEE International Limited:
    Advised TEE International Limited, which is listed on the Main Board of the Singapore Exchange, in its S$5 million disposal of shares in TEE Medical Services Pte. Ltd., which is engaged in biohazardous waste, cytotoxic waste and pharmaceutical waste treatment business, to Asia Enviro Services Ltd. as part of its reallocation of resources. The TEE group is principally focused on engineering, real estate and infrastructure businesses (February 2019)
  • Strategic Review and Potential Disposal of S$25.15 million Shares in TEE Land Limited:
    Advised TEE International Limited, which is listed on the Main Board of the Singapore Exchange, in its strategic review of investment in its subsidiary, TEE Land Limited, which is also listed on the Main Board of the Singapore Exchange, and potential disposal of S$25.15 million shares in TEE Land, to Top Capital Securities Pte. Ltd.. The TEE group is principally focused on engineering, real estate and infrastructure businesses (February 2019)
  • Voluntary S$86.58 million Conditional Cash Offer for Shares in DeClout Limited:
    Advised DeClout Limited, which is listed on the Catalist Board of the Singapore Exchange, in the S$86.58 million conditional cash offer by Exeo Global Pte. Ltd., which is a wholly-owned subsidiary of Kyowa Exeo Corporation and listed on the Tokyo Stock Exchange, for the shares of DeClout. DeClout is a global builder of next-generation information and communications technologies companies which invests in, incubates and scales companies to become global or regional market leaders (January 2019)
  • Disposal of S$15.36 million Shares in Procurri Corporation Limited:
    Advised DeClout Limited, which is listed on the Catalist Board of the Singapore Exchange, in its S$15.36 million disposal of shares in a subsidiary, Procurri Corporation Limited, which is in turn listed on the Main Board of the Singapore Exchange. DeClout is a global builder of next-generation information and communications technologies companies which invests in, incubates and scales companies to become global or regional market leaders (January 2019)
  • Acquisition of S$56.6 million Shares in PRE 1 Investments Pte. Ltd. and Katong AMC Pte. Ltd. by DC REIT Holdings Pte. Ltd.:
    Advised DC REIT Holdings Pte. Ltd. in its S$56.6 million acquisition of shares in PRE 1 Investments Pte. Ltd. and Katong AMC Pte. Ltd., which hold and manage I12 Katong, a commercial mall located at 112 East Coast Road, Singapore. DC REIT is a wholly owned subsidiary of Keppel Corporation Limited, which is listed on the Main Board of the Singapore Exchange (December 2018)
  • S$2 million Share Placements by Anchor Resources Limited:
    Advised Anchor Resources Limited, which is listed on Catalist Board of the Singapore Exchange, on its S$2 million share placements to private investors, part of which is made pursuant to a restructuring of existing non-convertible bonds. The group is engaged in gold mining and granite quarrying in Malaysia (December 2018)
  • S$149.96 million Renounceable Underwritten Rights Issue by OUE Lippo Healthcare Limited:
    Advised OUE Lippo Healthcare Limited, which is listed on the Catalist Board of the Singapore Exchange, in its S$149.96 million renounceable underwritten rights issue of shares. The rights issue proceeds are intended to fund the acquisition of units in First Real Estate Investment Trust and shares in its manager, Bowsprit Capital Corporation Limited, as well as for working capital. The group is principally engaged in the development and management of healthcare facilities in Japan and PRC, with plans to expand its portfolio across Southeast Asia (September 2018)
  • Restructuring of Consortium Vehicle and $47.4 million Acquisition of Shares in CITIC Envirotech Ltd.:
    Advised CITIC Environment (International) Company Limited in the restructuring of its consortium vehicle which controls CITIC Envirotech Ltd., which is listed on the Main Board of the Singapore Exchange, involving, amongst others, the acquisition of S$47.4 million shares in CITIC Envirotech from its other consortium partners. The CITIC Envirotech group is a leading membrane-based integrated environmental solutions provider specialising in water and wastewater treatment, water supply and recycling. It is engaged in sludge and hazardous waste treatment as well as river restoration, and further undertakes both turnkey and investment projects as well as provides plant operation and maintenance services in water and environmental projects (September 2018)
  • Joint Venture between TEE International Limited and Dymon Asia to Acquire S$20 million Biohazardous Waste, Cytotoxic Waste and Pharmaceutical Waste Treatment Business of SembCorp Environment Pte. Ltd.:
    Advised TEE International Limited, which is listed on the Main Board of the Singapore Exchange, in its joint venture with the private equity arm of Dymon Asia Capital (Singapore) Pte. Ltd. to acquire the biohazardous waste, cytotoxic waste and pharmaceutical waste treatment business of SembCorp Environment Pte. Ltd. for S$20 million. The TEE group is principally focused on engineering, real estate and infrastructure businesses (August 2018)
  • Acquisition of S$12.2 million Shares in Beaqon Pte. Ltd. and TJ Systems (S) Pte. Ltd. by DeClout Limited:
    Advised DeClout Limited, which is listed on the Catalist Board of the Singapore Exchange, in its S$12.2 million acquisition of shares in Beaqon Pte. Ltd. and TJ Systems (S) Pte. Ltd., coupled with a subsequent earn out consideration of S$7.85 million. DeClout is a global builder of next-generation information and communications technologies companies which invests in, incubates and scales companies to become global or regional market leaders. Its portfolio companies comprise Procurri, Beaqon, vCargo Cloud and Corous360 (August 2018)
  • S$106 million Acquisition of Listing Status of Memstar Technology Ltd by TBN Property Company:
    Advised TBN Property Company Limited on its S$106 million acquisition of listing status of Memstar Technology Ltd., which is listed on the Main Board of the Singapore Exchange, by way of a scheme of arrangement under Section 210 of the Singapore Companies Act. TBN is the owner and service provider of three community malls located in Bangkok, namely, The Paseo Mall in Lat Krabang district, The Paseo Town near Ramkhamhaeng Road and The Paseo Park on Kanchanapisek Road, with an aggregate land size of approximately 123,000 square metres and gross floor area of approximately 175,000 square metres (July 2018)
  • Disposal of S$7.8 million Interest in Nuform System Asia Pte. Ltd. and Nuformsystem (M) Sdn. Bhd.:
    Advised BRC Asia Limited, which is listed on Main Board of the Singapore Exchange, on BRC Asia Limited, in relation to the disposal of its 10% interest in Nuform System Asia Pte. Ltd. and 51% interest in Nuformsystem (M) Sdn. Bhd., for approximately S$7.83 million, after taking into account loans extended by BRC Asia. The BRC Asia group is engaged in the business of building construction as well as the manufacture of basic iron and steel (July 2018)
  • S$3.7 million Share Placement by Alliance Mineral Assets Limited:
    Advised Alliance Mineral Assets Limited, which is listed on Catalist Board of the Singapore Exchange, on its S$3.7 million share placement to an Australian institutional investor and Canaccord Genuity (Australia) Limited as underwriter. The placement proceeds are intended to be allocated as capital expenditure and working capital for its Bald Hill project, as well as future exploration and other initiatives at the project. Alliance Mineral is engaged in the development, processing and production of lithium related mineral resources and products (July 2018)
  • S$32.78 million Sale of Chocolate® PTCA Balloon Catheter and Glider® PTCA Balloon Catheter Products by QT Vascular Ltd. to Teleflex Incorporated and S$65.57 million Option Granted to Teleflex to Purchase Chocolate Heart™ Drug Coated Coronary Balloon Catheter Product:
    Advised QT Vascular Ltd., which is listed on the Catalist Board of the Singapore Exchange, as Singapore counsel in its S$32.78 million sale of non-drug coated Chocolate® PTCA balloon catheter and Glider® PTCA balloon catheter products to Teleflex Incorporated and S$65.57 million option granted by QT Vascular for Teleflex to acquire its drug coated coronary balloon catheter product known as Chocolate Heart™. QT Vascular is engaged in the design, assembly and distribution of advanced therapeutic solutions for the minimally invasive treatment of complex vascular diseases (May 2018)
  • Possible Mandatory Unconditional HK$950.4 million Cash General Offer for the Shares and Cancellation of Share Options in Techcomp (Holdings) Limited:
    Advised Baodi International Investment Company Ltd as Singapore counsel in its HK$950.4 million possible unconditional mandatory cash general offer for the shares and cancellation of outstanding share options in Techcomp (Holdings) Limited, which is primary listed on The Stock Exchange of Hong Kong Limited and secondary listed on the Main Board of the Singapore Exchange. The Techcomp group is engaged in the design, development, manufacture and distribution of analytical instruments, life science equipment and laboratory instruments (April 2018)
  • Acquisition and Merger by Alliance Mineral Assets Limited of Tawana Resources NL:
    Advised Alliance Mineral Assets Limited, which is listed on Catalist Board of the Singapore Exchange, on its acquisition and merger of equals with Tawana Resources NL, which is listed on the Australian Stock Exchange, by way of a scheme of arrangement under the Australian Corporations Act. Post-merger, Alliance will be dual listed on the Singapore Exchange and Australian Stock Exchange with A$446 million market capitalisation. Both Alliance Mineral and Tawana are engaged in the development, processing and production of lithium related mineral resources (April 2018) (April 2018)
  • S$33.2 million Share Placement by Alliance Mineral Assets Limited:
    Advised Alliance Mineral Assets Limited, which is listed on Catalist Board of the Singapore Exchange, on its S$33.2 million share placement to sophisticated and institutional investors. The placement proceeds are intended to provide capital expenditure and additional working capital, as well as funding for future exploration and other initiatives at the company's Bald Hill Project. Alliance Mineral is engaged in the development, processing and production of lithium related mineral resources and products (April 2018)
  • Loan Facility of A$13 million coupled with S$7.6 million Share Options in Alliance Mineral Assets Limited:
    Advised Alliance Mineral Assets Limited, which is listed on Catalist Board of the Singapore Exchange, on its A$13,000,000 loan facility coupled with options exercisable into S$7,605,000 shares, with a consortium of financial investors. The facility will be utilised to fund development of the company's lithium and tantalum mine. Alliance Mineral is engaged in the development, processing and production of lithium related mineral resources and products (March 2018)
  • Joint Venture between Tsui Wah Holdings Limited and Jumbo Group Limited:
    Advised Tsui Wah Holdings Limited, which is listed on The Stock Exchange of Hong Kong Limited, in its joint venture with Jumbo Group Limited, which is listed on the Singapore Exchange, to establish and operate Hong Kong-style Cha Chaan Teng outlets under the Tsui Wah brand in Singapore. Tsui Wah operates 32 outlets in Hong Kong, 35 outlets in PRC and 3 outlets in Macau (March 2018)
  • Pre-Conditional Voluntary S$199.3 million Cash Offer for Lee Metal Group Ltd:
    Advised BRC Asia Limited, which is listed on the Main Board of the Singapore Exchange, in its S$199.3 million pre-conditional voluntary cash offer for shares in Lee Metal Group Ltd, which is also listed on the Main Board of the Singapore Exchange. Lee Metal is an established distributor and fabricator of steel products as well as a recognised international trader of steel and steel related products in the region (February 2018)
  • Acquisition of S-11 F&B Holdings Pte Ltd and 23 Coffee Shops:
    Advised Broadway Food Centre (Holdings) Pte Ltd in its acquisition of S-11 F&B Holdings Pte Ltd, which operates 23 coffee shops in Singapore, for more than S$200 million (February 2018)
  • Issuance of RM29,855,000 5% Convertible Bonds by Pavillon Holdings Ltd:
    Advised Pavillon Holdings Ltd., which is listed on the Main Board of the Singapore Exchange, in the issuance of RM29, 855,000 principal amount of 5% convertible bonds, which are convertible into shares of the company at RM0.3025 per share, and mature in three years. The group is engaged in three key business segments, namely, restaurant operations, franchising and financial leasing (January 2018)
  • Voluntary Unconditional Cash Offer and Compulsory Acquisition for Sunmart Holdings Limited:
    Advised an offeror in the S$2.8 million voluntary unconditional cash offer and compulsory acquisition of Sunmart Holdings Limited. The company was previously listed on the Main Board of the Singapore Exchange and had delisted in March 2017. It is principally engaged in the production and sale of spray products comprising spray pumps, aluminium cans and plastic bottles which are used in the packaging of fast moving consumer goods, pharmaceutical products and health supplements (January 2018)
  • S$46.99 million Placement of New Shares in BRC Asia Limited:
    Advised BRC Asia Limited, which is listed on Main Board of the Singapore Exchange, on its S$46.99 million placement of new shares, to strengthen its financial position and build up its war chest to capitalise on opportunities for strategic investments, acquisitions, alliances, joint ventures and/or expansion of businesses. The BRC Asia group is engaged in the business of building construction as well as the manufacture of basic iron and steel (January 2018)
  • Acquisition of S$65 million Stake in PT Bintan Lagoon Resort:
    Advised ABR Holdings Limited, which is listed on the Main Board of the Singapore Exchange, on its S$65 million acquisition of 50% shares in PT Bintan Lagoon Resort, which owns Bintan Lagoon Resort situated in Bintan, Indonesia. Bintan Lagoon Resort comprises a 413 key resort hotel, two 18-hole championship golf courses, 58 villas and leisure and food and beverage facilities, that sits on a site measuring approximately 311 hectares of land. The ABR group primarily manages, franchises and operates a portfolio of well-known food and beverage companies and brands, including Swensen's, Yogen Fruz, Gloria Jean's Coffees, Oishi Pizza, Season Confectionary & Café, Hippopotamus and Tip Top Curry Puff, and has also expanded into real estate development businesses (December 2017)
  • Vendor Compliance Sale of S$12.2 million Shares in BRC Asia Limited:
    Advised Esteel Enterprise Pte Ltd on its vendor compliance sale of S$12.22 million shares in BRC Asia Limited, which is listed on the Main Board of the Singapore Exchange, to restore the free float of the company to enable resumption of trading in its shares. The BRC Asia group is engaged in the business of building construction as well as the manufacture of basic iron and steel (November 2017)
  • Acquisition of S$9.2 million Majority Stake in Chiang Kiong Group:
    Advised TEE International Limited, which is listed on the Main Board of the Singapore Exchange, in its S$9.2 million acquisition of a 50.1% majority stake in Chiang Kiong Group, which is one of Singapore's leading industrial and commercial environmental services provider for reliable waste and recycling management with advanced integrated waste management and environmental solutions facilities. The TEE group is principally focused on engineering, real estate and infrastructure businesses (November 2017)
  • Capital Reduction and Cash Distribution by HG Metal Manufacturing Limited:
    Advised HG Metal Manufacturing Limited, which is listed on the Main Board of the Singapore Exchange, in its capital reduction to write off S$68.18 million accumulated losses and cash distribution of S$13.38 million surplus cash. HG Metal is a premier steel stockist and manufacturer with close to 800,000 sq ft of state-of-the-art warehousing facilities in Singapore (September 2017)
  • Acquisition of RM52 million Commercial Units in City Plaza, Johor Bahru:
    Advised Pavillon Holdings Ltd., which is listed on the Main Board of the Singapore Exchange, as Singapore counsel in its RM52 million conditional acquisition of 107 lots comprised in a high rise commercial complex and adjoining vacant lands, known as City Plaza, Johor Bahru, in Malaysia. The group is engaged in three key business segments, namely, restaurant operations, franchising and financial leasing (September 2017)
  • Disposal of S$38.98 million Shares in BRC Asia Limited:
    Advised HG Metal Manufacturing Limited, which is listed on the Main Board of the Singapore Exchange, in its conditional disposal of S$38.98 million shares in BRC Asia Limited, which is also listed on the Main Board of the Singapore Exchange. The disposal is conditional on shareholders' approval. HG Metal is a premier steel stockist and manufacturer with close to 800,000 sq ft of state-of-the-art warehousing facilities in Singapore (September 2017)
  • Possible Delisting and Privatisation of Sound Global Limited:
    Advised Sound Global Limited, which is listed on The Stock Exchange of Hong Kong Limited, as Singapore counsel in its possible delisting from The Stock Exchange of Hong Kong Limited and privatisation by way of selective capital reduction. The group is a leading one-stop integrated water and wastewater treatment solutions provider in the PRC, offering services covering the full value chain of the water and wastewater treatment industry from the design and construction of water and wastewater treatment facilities, to the operation and maintenance of water and wastewater treatment facilities and the manufacture of water and wastewater treatment equipment. Prior to its trading suspension, the company had a market capitalisation of approximately S$776.47 million. (September 2017)
  • Strategic Collaboration between TEE International Limited and Advancer Group Limited:
    Advised TEE International Limited and Advancer Global Limited, which are listed on the Main Board and Catalist Board of the Singapore Exchange respectively, in their strategic collaboration to jointly tender for projects requiring mechanical and electrical engineering works and facility management services. TEE International has an established track record in providing integrated engineering services with exposure to real estate and infrastructure sectors, whilst Advancer Global is in the business of integrated facilities management solutions and services (September 2017)
  • Acquisition of S$75.44 million Shares in BRC Asia Limited and Mandatory Conditional S$187.03 million Cash Offer by Esteel Enterprise Pte. Ltd.:
    Advised Esteel Enterprise Pte. Ltd. in its S$75.44 million acquisition of shares in BRC Asia Limited, which is listed on the Main Board of the Singapore Exchange, from LingCo Marine Pte. Ltd., LingCo Holdings Pte. Ltd., Sin Teck Guan (Pte) Ltd. and Messrs. Seah Kiin Peng and Lim Siak Meng, thereby triggering a mandatory conditional cash offer for the shares, options and convertible bonds of BRC Asia. Based on the offer price of S$0.925 per share, the group is valued at approximately S$187.03 million. The group is engaged in the business of building construction as well as the manufacture of basic iron and steel (September 2017)
  • Placement of HK$130.5 million Shares in Asia Fashion Holdings Limited:
    Advised Freeman Securities Limited, being overseas placement agent to Asia Fashion Holdings Limited, which is listed on the Main Board of the Singapore Exchange, as Singapore counsel in the company’s HK$130.5 million placement of shares at the issue price of HK$0.90 per placement share. The Asia Fashion group is engaged in the innovation and distribution of multi-platform entertainment, and develops, produces and presents live shows, interactive events and online/theatrical movies. It also provides strategic deployment of digital visual effects, animation solutions and integration with high-end movie prop sculptures (August 2017)
  • Selective Capital Reduction of Shares in Aztech Group Ltd.:
    Advised Aztech Group Ltd. in its selective capital reduction exercise to enable minority shareholders to realise the value of their shares subsequent to the delisting of the company from the Main Board of the Singapore Exchange in February 2017. Based on the cancellation price of S$0.42 per share, the group is valued at approximately S$21.42 million. The group is engaged in electronics design and manufacturing, LED lighting, material supply and marine, as well as F&B retail and supplies businesses, and is headquartered in Singapore with support offices in USA, Germany, Malaysia, Hong Kong, Philippines and PRC (July 2017)
  • Acquisition of S$14.8 million Shares in The Chilli Padi Group:
    Advised ABR Holdings Limited, which is listed on the Main Board of the Singapore Exchange, in the acquisition of 80% of The Chilli Padi Group for S$14.8 million, coupled with an option for the balance 20%. The Chilli Padi Group provides both Halal certified and non-Halal catering services for various events (including tea receptions, weddings, seminars, high-end functions, large scale corporate events, family gatherings or birthday celebrations), and operates restaurants serving Peranakan food, cafeterias, as well as provide confinement products. The ABR group primarily manages, franchises and operates a portfolio of well-known food and beverage companies and brands, including Swensen's, Yogen Fruz, Gloria Jean's Coffees, Oishi Pizza, Season Confectionary & Café, Hippopotamus and Tip Top Curry Puff (July 2017)
  • US$28 million Disposal of Non-drug Coated Chocolate® PTA Balloon Catheter Product by QT Vascular Ltd. to Medtronic, Inc.:
    Advised QT Vascular Ltd., which is listed on the Catalist Board of the Singapore Exchange, as Singapore counsel in the US$28 million disposal of its non-drug coated Chocolate® PTA Balloon Catheter product which is used in the treatment, prevention, diagnosis or management of diseases in the peripheral vasculature to Medtronic, Inc. by way of an asset purchase option agreement. QT Vascular is engaged in the design, assembly and distribution of advanced therapeutic solutions for the minimally invasive treatment of complex vascular diseases (May 2017)
  • Disposal of S$5.37 million Shares in CMC Infocomm Limited:
    Advised TEE International Limited, which is listed on the Main Board of the Singapore Exchange and being one of the controlling shareholders in CMC Infocomm Limited, which is in turn listed on the Catalist Board of the Singapore Exchange, in the S$5.37 million disposal of its substantial stake in the company to Yinda Pte. Ltd., thereby triggering a mandatory general offer on the purchaser's part. CMC Infocomm group provides integrated communication solutions and services to communications network operators and communication network equipment vendors in Singapore, Malaysia, Thailand and Philippines, with its business divided into four main segments, namely in-building coverage, outdoor construction, telecommunications implementation and maintenance services (May 2017)
  • Disposal of S$25.74 million Shares in Nobel Design Holdings Ltd:
    Advised one of the controlling shareholders in Noble Design Holdings Ltd, which is listed on the Main Board of the Singapore Exchange, in the S$25.74 million disposal of his entire stake in the company to Grand Slam RF18 Investments Pte Ltd, thereby triggering a mandatory general offer on the purchaser's part. Noble Design provides design consultancy for interior and space planning for both commercial and residential projects. It also exclusively distributes and retail imported European home furnishings brands and has further conceptualised and retail its house-labels (May 2017)
  • S$148 million Privatisation and Delisting of TEE International Limited by way of a Scheme of Arrangement by Oscar Investment Limited:
    Advised Oscar Investment Private Limited in its privatisation and delisting of TEE International Limited, which is listed on the Main Board of the Singapore Exchange, pursuant to a scheme of arrangement under Section 210 of the Singapore Companies Act, whereby Oscar Investment is offering either cash or new shares for existing shares of TEE International. Based on the offer price of S$0.215 per share, the group is valued at approximately S$148 million. The group has three business divisions, comprising its engineering business, real estate business, and infrastructure business (April 2017)
  • Issue of S$2 Million Exchangeable Bonds and S$2.875 Million Guaranteed Non-Convertible Bonds by Anchor Resources Limited:
    Advised Anchor Resources Limited, which is listed on the Catalist Board of the Singapore Exchange, in the issue of S$2 million exchangeable bonds by a subsidiary and S$2.875 million guaranteed non-convertible bonds by the company to Luminor Pacific Fund 2 Ltd. and a private investor respectively, which proceeds are to be utilised to strengthen the group's financial position and advance its strategic plans. The group's existing business is exploration, mining and production of gold for sale in Malaysia (March 2017)
  • Voluntary Unconditional S$289 million Cash Offer by Excel First Investments Limited for Kingboard Copper Foil Holdings Limited:
    Advised Excel First Investments Limited, being a subsidiary of Kingboard Chemical Holdings Limited which is listed on the Main Board of The Stock Exchange of Hong Kong Limited, in its voluntary unconditional cash offer for the shares of Kingboard Copper Foil Holdings Limited, which is listed on the Main Board of the Singapore Exchange. Based on the offer price of S$0.40 per share, the group is valued at approximately S$289 million. The group is engaged in the manufacture and trading of polyvinyl butyral and related products and licensing business (March 2017)
  • Mandatory Unconditional S$175.86 million Cash Offer by OUE Limited for International Healthway Corporation Limited:

    Advised International Healthway Corporation Limited, which is listed on the Catalist Board of the Singapore Exchange, in the mandatory unconditional cash offer by Treasure International Holdings Pte. Ltd., a wholly owned subsidiary of OUE Limited, to acquire all the shares of the company. Based on the offer price of S$0.106 per share, the group is valued at approximately S$175.86 million. The group provides elderly care, specialist healthcare services for women and children, and primary and preventive care through hospitals and nursing homes, maternity homes and step-down care facilities, and also owns and manages healthcare facilities in the PRC, Japan, Australia and Malaysia in which it operates its healthcare services (February 2017)

  • Share Issuance in Settlement of US$5.475 million Bond Repayment by QT Vascular Ltd.:
    Advised QT Vascular Ltd., which is listed on the Catalist Board of the Singapore Exchange, in the settlement of its first tranche due amount of US$5.475 million in respect of its 8% convertible bonds via the issuance of new shares in the company amounting to approximately 11.3% of its existing share capital. QT Vascular is engaged in the design, assembly and distribution of advanced therapeutic solutions for the minimally invasive treatment of complex vascular diseases. It collaborates with industry specialists and physicians who are key opinion leaders to develop and offer physicians and patients new and differentiated devices to improve outcomes in complex peripheral and coronary interventions (January 2017)
  • Amalgamation of Fu Yu Corporation Limited with Nanotechnology Manufacturing Pte. Ltd. and Solidmicron Technologies Pte. Ltd.:
    Advised Fu Yu Corporation Limited, which is listed on the Main Board of the Singapore Exchange, in its amalgamation with two wholly-owned subsidiaries, Nanotechnology Manufacturing Pte. Ltd. and Solidmicron Technologies Pte. Ltd., pursuant to Section 215D(1) of the Companies Act (Cap. 50). The group is one of the largest manufacturers and suppliers of high-precision injection moulds and plastic parts in Asia, and has 10 manufacturing plants in Singapore, Malaysia and PRC (January 2017)
  • S$140 million Reverse Takeover of LH Group Limited:
    Advised SAC Capital Private Limited, acting as financial adviser, placement agent and sponsor to LH Group Limited, which is listed on the Main Board of the Singapore Exchange, in the reverse takeover of the company via the acquisition of Pacific Star Development Pte. Ltd. for a purchase consideration of S$140 million. The target group is a reputable and premier property developer in South East Asia, which is involved in the development of luxury mixed-use projects in prime locations in major city centres and/or unique locations such as waterfront marinas, leisure and hospitality projects (for example resorts, hotels and villas) in popular vacation destinations, and resort retirement communities (December 2016)
  • Voluntary Delisting of Sunmart Holdings Limited pursuant to S$28.14 million Exit Offer:
    Advised Sunmart Holdings Limited, which is listed on the Main Board of the Singapore Exchange, in the exit offer by Mr. Sun Bingzhong (the company's executive chairman and chief executive officer), in connection with its voluntary delisting from the Singapore Exchange. Based on the offer price of S$0.07 per share, the group is valued at approximately S$28.14 million. The group is engaged in the production and sale of spray products, such as spray pumps, aluminium cans and plastic bottles that are used in the packaging of fast-moving consumer goods, pharmaceutical products and health supplements (November 2016)
  • Disposal of S$25.21 million Shares in Ying Li International Real Estate Limited:
    Advised Zana China Fund L.P. in the S$25.21 million disposal of its entire equity interest in Leap Forward Holdings Limited, which in turn holds 8.02% of the shares in Ying Li International Real Estate Limited (which is listed on the Main Board of the Singapore Exchange), to Intermittent Glow Limited and Elite Giant Limited. Zana China Fund L.P. is managed by Zana Capital Pte Ltd, a leading private equity firm, and is a fund focused on providing development capital to SMEs with business within Greater China. Ying Li International is an established premier Chongqing-based property developer, principally engaged in the development, sale, rental, management and long-term ownership of high quality commercial and residential properties in the prime locations of Chongqing and Beijing (November 2016)
  • Disposal of S$2.8 million Stake in Oilfield Services & Supplies Group Pte. Ltd. by EMS Energy Limited:
    Advised EMS Energy Limited, which is listed on the Catalist Board of the Singapore Exchange, in the disposal of its entire interest in an associated company, Oilfield Services & Supplies Group Pte. Ltd., to an existing shareholder for S$2.8 million. Oilfield Services is principally engaged in the business of manufacture, rental and servicing of downhole tools and equipment that are used primarily in oil and gas exploration (November 2016)
  • Voluntary Delisting of China New Town Development Company Limited pursuant to S$689.22 million Conditional Cash Offer by way of Selective Share Buyback:
    Advised China New Town Development Company Limited, which is dual primary listed on the Main Board of the Singapore Exchange and the Main Board of The Stock Exchange of Hong Kong Limited, on its voluntary delisting from the Singapore Exchange, whilst maintaining its listing on the Hong Kong Stock Exchange, pursuant to a conditional cash exit offer by way of selective share buyback. Based on the tender price of S$0.07 per share, the group is valued at approximately S$689.22 million. The group is an established integrated urbanisation developer and operator in the PRC (October 2016)
  • Disposal of S$390.08 million Shares in CITIC Envirotech Ltd.:
    Advised CITIC Environment (International) Company Limited, being the principal consortium partner together with KKR China Water Investment Holdings Limited and key management personnel, which consortium controls CITIC Envirotech Ltd. (which is listed on the Main Board of the Singapore Exchange), in the disposal of S$390.08 million of shares in CITIC Envirotech by KKR to China Reform Puissance Overseas GP L.P.. CITIC Envirotech is a leading membrane-based water and wastewater treatment and recycling solutions provider, with its business focused in industrial water and wastewater segment, mainly in chemical, petrochemical and industrial parks (October 2016)
  • Voluntary Delisting of Aztech Group Ltd. pursuant to S$21.4 million Exit Offer:
    Advised Aztech Group Ltd., which is listed on the Main Board of the Singapore Exchange, in the exit offer by AVS Investments Pte. Ltd., in connection with its voluntary delisting from the Singapore Exchange. Based on the offer price of S$0.42 per share, the group is valued at approximately S$21.4 million. The group is engaged in electronics design and manufacturing, LED lighting, material supply and marine, as well as F&B retail and supplies businesses, and is headquartered in Singapore with support offices in USA, Germany, Malaysia, Hong Kong, Philippines and PRC (September 2016)
  • Disposal of US$115 Million Interest in PPL Shipyard Pte Ltd to SembCorp Marine Ltd:
    Advised PPL Holdings Pte Ltd and its wholly-owned subsidiary, E-Interface Holdings Limited, in the disposal of their entire interest in PPL Shipyard Pte Ltd to SembCorp Marine Ltd for US$115,058,934. PPL Holdings is 45% owned by Yangzijiang Shipbuilding (Holdings) Ltd., which is listed on the Main Board of the Singapore Exchange. PPL Shipyard is engaged in the design, construction, repair and improvement of oil rigs, ships and other ocean going vessels (August 2016)
  • Issuance of US$90 million Exchangeable Bonds by Sinochem International (Singapore) Pte. Ltd. to China-Africa Development Fund:
    Advised Sinochem International (Overseas) Pte. Ltd., which is a wholly-owned subsidiary of Sinochem International Corporation (listed on the Shanghai Stock Exchange), on the issuance of US$90 million exchangeable bonds by Sinochem International (Overseas) Pte. Ltd. to China-Africa Development Fund, which are exchangeable into shares of Halcyon Agri Corporation Limited (which is listed on the Main Board of the Singapore Exchange), during an ongoing mandatory cash offer for Halcyon by Sinochem. Halcyon is a global natural rubber supply chain manager, which business activities span the entire natural rubber supply chain with an extensive distribution network covering South East Asia, the PRC, South Africa, the US and Europe. It is one of the top five natural rubber companies globally (August 2016)
  • Conversion of Listing Status of Courage Marine Group Limited from Primary to Secondary Listing on Singapore Exchange:
    Advised Courage Marine Group Limited which is dual primary listed on the Main Board of the Singapore Exchange and the Stock Exchange of Hong Kong Limited, in a conversion of its listing status on the Singapore Exchange to a secondary listing. The group owns and operates bulk carriers, which are deployed around PRC, Japan, Russia, Vietnam, Indonesia, Bangladesh and elsewhere in Asia. These vessels transport dry bulk commodities such as coal, sea sand, gravel, cement, clinker, iron ore, minerals, and wood chips (August 2016)
  • IPO and Listing of Procurri Corporation Limited on Main Board of Singapore Exchange:
    Advised DBS Bank Ltd. acted as the issue manager, bookrunner and underwriter in the S$38.6 million initial public offering and listing of Procurri Corporation Limited on the Main Board of the Singapore Exchange. The group is a leading global independent provider of data centre equipment and IT lifecycle services, with its business covering over 80 countries worldwide. Immediately post-listing, Procurri Corporation had a market capitalisation of S$156.8 million (July 2016)
  • IPO and Listing of Advancer Global Limited on Catalist Board of Singapore Exchange:
    Advised SAC Capital Private Limited as sponsor, issue manager, underwriter and placement agent in the S$9.46 million initial public offering and listing of Advancer Global Limited on the Catalist Board of the Singapore Exchange. The group is an established and diverse integrated services provider offering workforce solutions and services in Singapore through its employment services business, cleaning and stewarding services business and its security services business. Its portfolio includes well-recognised brand names such as "NATION" (for foreign domestic worker employment agencies), FIRST STEWARDS" and "MASTER CLEAN" (for cleaning and stewarding services) and "KC SECURITY and "KH SECURITY" (for security services). Immediately post-listing, Advancer Global had a market capitalisation of S$38.1 million (July 2016)
  • IPO and Listing of United Global Limited on Catalist Board of Singapore Exchange:
    Advised SAC Capital Private Limited and Haitong International Securities (Singapore) Pte. Ltd. as joint placement agents to the S$10.7 million initial public offering and listing of United Global Limited on the Catalist Board of the Singapore Exchange. The group is an established independent lubricant manufacturer and trader that provides a wide range of high quality, well-engineered lubricants under house brands such as "United Oil", "U Star Lube", "Bell1" and "HydroPure", as well as manufactures lubricants for third-party brands. Its core businesses also include trading of base oils, additives and lubricants, and it supplies products globally to over 30 countries and territories in the automotive, industrial and marine sectors. Immediately post-listing, United Global had a market capitalisation of S$70.7 million (July 2016)
  • S$100 million Acquisition of Granite Mining, Quarry Extraction and Architectural Stone and Interior Fit-Out Company by Anchor Resources Limited, together with S$3.2 million Placement of Shares:
    Advised Anchor Resources Limited, which is listed on the Catalist Board of the Singapore Exchange, in its S$100 million very substantial acquisition of GGT Manufacturing Sdn. Bhd., which is principally engaged in the businesses of mining and quarry extraction of dimension stone granites as well as architectural stone and interior fit-out, and which owns an exclusive dimension stone granite concession of 800 acres in Hulu Terengganu in the State of Terengganu in Malaysia. In conjunction with the acquisition, Anchor Resources has undertaken a S$3.2 million placement of shares to partially finance the costs of the acquisition, with the balance for working capital. Anchor Resources Group's existing business is exploration, mining and production of gold for sale in Malaysia (June 2016)
  • Acquisition of Canaccord Genuity Singapore Pte. Ltd. by SAC Capital Private Limited:
    Advised SAC Capital Private Limited, a local reputable corporate finance boutique which is engaged in corporate finance and transactional advisory for IPOs and listed companies, as well as underwriting, share placement, fund raising and Catalist sponsorships, in its acquisition of Canaccord Genuity Singapore Pte. Ltd. from Canaccord Genuity Group Inc.. Canaccord Genuity Singapore is the Singapore arm of Canaccord Genuity Group, which is listed on Toronto Stock Exchange and London Stock Exchange and is a leading independent, full-service financial services firm, with operations in two principal segments of the securities industry, namely, wealth management and capital markets (April 2016)
  • S$847.7 million Merger of GMG Global Ltd and Halcyon Agri Corporation Limited:
    Advised Sinochem International Corporation, which is listed on the Shanghai Stock Exchange, in the S$847.7 million merger of GMG Global Ltd and Halcyon Agri Corporation Limited, which are both listed on the Main Board of the Singapore Exchange. The merger is made by way of Sinochem making a pre-conditional mandatory general offer for the shares of Halcyon Agri, which on completion, will be followed by Halcyon Agri making a voluntary general offer for the shares of GMG Global and the privatisation of GMG Global. Sinochem will ultimately control Haclyon Agri, which will also be injected with natural rubber processing and trading businesses of Sinochem, and become the world's largest natural rubber company (March 2016)
  • Listing of ASD International Holdings Limited on the Growth Enterprise Market of the Stock Exchange of Hong Kong Limited by way of Placing:
    Advised ASD International Holdings Limited as Singapore counsel its listing on the Growth Enterprise Market of the Stock Exchange of Hong Kong Limited by way of placing. The ASD International group is principally engaged in the sale of imaging electronic components, and original design and original brand manufacturing video and imaging products. Immediately post-placing, ASD International will have a market capitalisation of HK$216 million (March 2016)
  • Loan and Investment of US$4.2 million by Fuji Offset Plates Manufacturing Ltd for Cambodian Property Development Project:
    Advised Fuji Offset Plates Manufacturing Ltd, which is listed on the Catalist Board of the Singapore Exchange, in its US$4.2 million loan and investment to Star City Development Co., Ltd. in a joint venture of a property development project relating to two plots of land located in Phnom Penh, Cambodia, which are valued at approximately US$42 million on which Star City intends to build residential and commercial units for sale. Fuji Offset is primarily engaged in the manufacturing and sale of pre-sensitised offset plates as well as investment holding business (February 2016)
  • Placement of S$1.59 million Shares in Dapai International Holdings Co. Ltd. in conjunction with its Reverse Takeover and Transfer of Listing from Main Board to Catalist Board of Singapore Exchange:
    Advised Dapai International Holdings Co. Ltd., which is listed on the Main Board of the Singapore Exchange, in its S$1.59 million private placement of shares, in conjunction with a proposed reverse takeover involving the acquisition of a substantial stake in Smart Traffic Co., Ltd. and a transfer of the company's Main Board listing to Catalist Board. The placement proceeds will be utilised for payment of costs and expenses in connection with the reverse takeover. Dapai is one of the largest branded backpack company in the PRC and designs, develops, manufactures and sells backpacks under the DAPAI brand, whereas Smart Traffic is a system integrator in Thailand providing solutions based on contactless smart card, and provides a wide range of cutting-edge software solutions and integrated hardware components for toll revenue collection systems, parking revenue collection and management systems, pre-paid cash card systems, reward and loyalty management systems, access control systems, and traffic management systems to both private enterprises and government agencies (February 2016)
  • Issue of US$6.06 million 8% Convertible Bonds and Exchangeable Bonds due in 2017/2018 by QT Vascular Ltd. and its Subsidiary, Quattro Vascular Pte. Ltd.:
    Advised QT Vascular Ltd., which is listed on the Catalist Board of the Singapore Exchange, in the issue of an aggregate US$6.06 million 8% convertible bonds and exchange bonds due in 2017/2018 by the company and its wholly-owned subsidiary, Quattro Vascular Pte. Ltd. The proceeds are intended for general working capital purposes as well as research and development. The group is engaged in the design, assembly and distribution of advanced therapeutic solutions for the minimally invasive treatment of complex vascular diseases, and its products are marketed in the United States as well as growing medical device markets, including Europe, PRC, Japan and other parts of Asia (January 2016)
  • S$399.78 million Privatisation and Delisting of HTL International Holdings Limited by way of a Scheme of Arrangement by Guangdong Yihua Timber Industry Co., Ltd.:
    Advised BEM Holdings Pte Ltd, being the controlling shareholder of HTL International Holdings Limited, which is listed on the Main Board of the Singapore Exchange, in a S$399.78 million privatisation and delisting of HTL International by Guangdong Yihua Timber Industry Co., Ltd. (which is listed on the Shanghai Stock Exchange and primarily engaged in the manufacture, processing and sale of wooden products, including wooden furniture and wooden floors, within the PRC domestic and overseas markets), pursuant to a privatisation and delisting scheme of arrangement under Section 210 of the Singapore Companies Act. The HTL International group manufactures, imports, and exports leather sofas and leather upholstery furniture, and sells and distributes upholstered furniture and home furnishing products with a presence in more than 52 countries (January 2016)
  • IPO and Listing of GS Holdings Limited on Catalist Board of Singapore Exchange:
    Advised GS Holdings in its S$6 million public invitation and listing on the Catalist Board of the Singapore Exchange. The GS Holdings group is an established centralised commercial dishware washing company providing a one-stop shop solution for cleaning needs in the F&B industry in Singapore, specialising in end-to-end cleaning services with a focus on centralised commercial dishware washing services. Immediately post-invitation, GS Holdings had a market capitalisation of S$31 million (January 2016)
  • Placement of S$10.65 million Shares in HG Metal Manufacturing Limited:
    Advised HG Metal Manufacturing Limited, which is listed on the Main Board of the Singapore Exchange, in its S$10.65 million placement of shares. HG Metal is engaged in wholesale, retailing, trading, sourcing and distribution of steel products and provides steel processing or finishing services, product customisation and solutions for specialised industries (October 2015)
  • Joint Venture in Myanmar by HG Metal Manufacturing Limited:
    Advised HG Metal Manufacturing Limited, which is listed on the Main Board of the Singapore Exchange, as Singapore counsel in its US$24.975 million acquisition of shares in Min Dharma Steel Structures Co. Ltd and joint venture with Min Dharma Heavy Industrial Co., Ltd.. HG Metal is engaged in wholesale, retailing, trading, sourcing and distribution of steel products and provides steel processing or finishing services, product customisation and solutions for specialised industries (October 2015)
  • Delisting of China Merchants Property Development Co., Ltd. from the Singapore Exchange pursuant to RMB57.3 billion Merger with China Merchants Shekou Industrial Zone Holdings Co., Ltd.:
    Advised China Merchants Property Development Co., Ltd., which is primary listed on the Shenzhen Stock Exchange and secondary listed on the Main Board of the Singapore Exchange, as Singapore counsel in its RMB57.3 billion merger with its controlling shareholder, China Merchants Shekou Industrial Zone Holdings Co., Ltd. (which is in turn wholly owned by China Merchants Group Limited). In particular, as part of the PRC merger, China Merchants Property will make an exit offer to shareholders on, and delist from, the Singapore Exchange. The China Merchants Property group is principally engaged in property construction and development businesses in the PRC (September 2015)
  • Placement of S$5.7 million Shares in Medtecs International Corporation Limited:
    Advised Medtecs International Corporation Limited, which is listed on the Catalist Board of the Singapore Exchange, in its S$5.7 million placement of shares to a private investor. The placement is intended to fund working capital. The group is an integrated healthcare products and services provider in the Asia Pacific region, and manufacturer and distributor of medical consumables for the global healthcare industry (September 2015)
  • IPO and Listing of CMC Infocomm Limited on Catalist Board of Singapore Exchange:
    Advised SAC Capital Private Limited, as sponsor, issue manager, underwriter and placement agent in the S$6 million public invitation and listing of CMC Infocomm Limited on the Catalist Board of the Singapore Exchange. The CMC Infocomm group is a regional integrated communications solutions and services provider in Singapore, Thailand and the Philippines. It is engaged in in-building coverage, outdoor construction, telecommunications implementation and maintenance services. Immediately post-Invitation, CMC Infocomm had a market capitalisation of S$38 million (August 2015)
  • Issue of US$13.4 million 8% convertible bonds due in 2017/2018 by QT Vascular Ltd.:
    Advised QT Vascular Ltd., which is listed on the Catalist Board of the Singapore Exchange, in its issue of US$13.4 million 8% convertible bonds due in 2017/2018. The proceeds are intended to strengthen the financial position of the group and allow it to focus more resources on developing its Drug Coated Chocolate® platform. The group is engaged in the design, assembly and distribution of advanced therapeutic solutions for the minimally invasive treatment of complex vascular diseases, and its products are marketed in the United States as well as growing medical device markets, including Europe, PRC, Japan and other parts of Asia (July 2015)
  • Investment of MYR1.8 billion in Perwaja Holdings Bhd:
    Advised Tianjian Zhi Yuan Investment Group Co. Ltd as Singapore counsel in its MYR1.8 billion investment in Perwaja Holdings Bhd, which is listed on Bursa Malaysia, by way of subscription of shares and rights issue, coupled with debt restructuring of Perwaja. The proceeds will be applied to purchase equipment to modify, upgrade and enhance the production facilities of Perwaja. Tianjian Zhi Yuan has, amongst others, businesses in minerals, chemicals, alloys, new materials, construction material, real estate, logistics and international trading (July 2015)
  • Renounceable Underwritten Rights Issue of S$18.9 million by Yamada Green Resources Limited:
    Advised Yamada Green Resources Limited, which is listed on the Main Board of the Singapore Exchange, in its S$18.9 million renounceable underwritten rights issue of shares to shareholders. The rights issue proceeds are intended to fund strategic investment and acquisition opportunities as well as general corporate and working capital. The group is a major grower, manufacturer and supplier of fresh and processed agricultural products in Fujian Province in the PRC, and its products are sold in major cities in PRC and Japan through a well-established network under its trademarked brands (June 2015)
  • Exit Offer of S$75.6 million for Action Asia Limited:
    Advised the controlling shareholder, Action Electronics Co., Ltd. (which is listed on the Taiwan Stock Exchange), in its exit offer for Action Asia Limited, which is listed on the Main Board of the Singapore Exchange. Based on the offer price of S$0.19 per share, the target group is valued at approximately S$75.6 million. The target group is engaged in the design, manufacture and assembly of mobile audio and video electronic products for lifestyle entertainment and in-car entertainment multimedia products (March 2015)
  • Disposal of S$15.75 million Shares in Flame Gold International Limited:
    Advised the shareholders of Flame Gold International Limited in their disposal of S$15.75 million shares in Flame Gold International Limited. Flame Gold is the controlling shareholder of HG Metal Manufacturing Limited, which is listed on the Main Board of the Singapore Exchange (February 2015)
  • Placement of S$1.8 million Shares in Lifebrandz Ltd:
    Advised Lifebrandz Ltd, which is listed on the Main Board of the Singapore Exchange, in its S$1.8 million placement of shares to private investors. The placement is intended to fund working capital. The group is currently engaged in brand development and management, with interests in lifestyle-related and entertainment sectors, and leveraging on its core competence in developing brands (December 2014)
  • Reverse Takeover of EpiCentre Holdings Limited:
    Advised EpiCentre Holdings Limited, which is listed on the Catalist Board of the Singapore Exchange, in its proposed reverse takeover, which will see the company acquiring the Healthtrends group of companies operating in Singapore, Malaysia, Vietnam and Hong Kong, which are engaged in the businesses of medical aesthetics and cosmetic surgery, primary care and medical wellness, and distribution of medical products and solutions for S$100 million. The group is currently engaged in digital lifestyle businesses, including the retail of Apple and Apple-related products (December 2014)
  • Pre-conditional Voluntary Offer of S$1.9 billion for United Envirotech Ltd.:
    Advised CITIC Limited and as joint counsel to the offeror, CKM (Cayman) Company Limited, in the approximately S$1.9 billion pre-conditional voluntary offer for United Envirotech Ltd.. The Offeror is a consortium vehicle between CITIC and Kohlberg Kravis Roberts & Co. L.P.. CITIC is the PRC's largest state-owned conglomerate with over 120,000 employees, and businesses including financial services, resources and energy, manufacturing, real estate and infrastructure, and engineering contracting. KKR is a leading global investment firm that manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, credit and hedge funds. United Envirotech is listed on the Main Board of the Singapore Exchange and a leading membrane-based water and waste-water treatment and reclamation solution provider with businesses mainly in the PRC's chemical, petrochemical and industrial park sectors (November 2014)
  • Placement of S$14.7 million Shares in HG Metal Manufacturing Limited:
    Advised HG Metal Manufacturing Limited, which is listed on the Main Board of the Singapore Exchange, in its S$14.7 million placement of shares to SEAVI Advent Investments Ltd and Rise Capital Ventures Ltd. HG Metal is engaged in wholesale, retailing, trading, sourcing and distribution of steel products and provides steel processing or finishing services, product customisation and solutions for specialised industries (October 2014)
  • Subscription of S$8 million Redeemable Convertible Preference Shares in OKH Global Subsidiary:
    Advised Zana Asia Fund Limited in its subscription of S$8 million redeemable convertible exchangeable preference shares in Chronoz Investment Holding Pte Ltd, being a wholly owned subsidiary of OKH Global Ltd., which is listed on the Main Board of the Singapore Exchange. OKH Global is engaged in the businesses of property development, integrated construction and infrastructure projects (September 2014)
  • Disposal of S$131.6 million Serviced Residence Properties in Malaysia and PRC:
    Advised Ascott Investment Holdings Ltd and Ascott Serviced Residence (China) Fund in their S$131.6 million divestments of serviced residence properties, namely, Somerset Ampang Kuala Lumpur, Citadines Gaoxin Xi’an and Citadines Zhuankou Wuhan via the sale of interests in their special purpose holding entities (August 2014)
  • IPO of IREIT Global:
    Advised ABN Amro Bank N.V., Singapore Branch, as co-manager and sub-underwriter in the S$372 million IPO of IREIT Global on the Singapore Exchange. IREIT Global invests mainly in office properties in Europe and other real estate-related assets, and has an initial portfolio of four office properties in Germany valued at about S$483 million (August 2014)
  • Placement of S$158 million Shares in SIIC Environment Holdings Ltd.:
    Advised Jefferies Singapore Limited and Credit Suisse (Singapore) Limited as joint placement agents in the S$158 million placement of shares in SIIC Environment Holdings Ltd., which is listed on the Main Board of the Singapore Exchange. SIIC Environment group is a water treatment and management specialist as well as investor in environmental related infrastructure assets, and has developed integrated engineering solutions for water purification, water supply and waste water treatment systems and facilities. It holds a portfolio of Build-Operate-Transfer, Transfer-Operate-Transfer, Build-Own-Operate, and Operation and Management projects in twelve provinces in the PRC (July 2014)
  • Disposal of S$22.67 million Shares in Flame Gold International Limited:
    Advised the shareholders of Flame Gold International Limited in their disposal of S$22.67 million shares in Flame Gold International Limited. Flame Gold is the controlling shareholder of HG Metal Manufacturing Limited, which is listed on the Main Board of the Singapore Exchange (April 2014)
  • Acquisition of S$26.98 million Shares in HG Metal Manufacturing Limited:
    Advised Flame Gold International Limited in its S$26.98 million acquisition of 26.57% shares in HG Metal Manufacturing Limited, which is listed on the Main Board of the Singapore Exchange, from Oriental Castle Sdn Bhd. The group is engaged in wholesale, retailing, trading, sourcing and distribution of steel products and provides steel processing or finishing services, product customisation and solutions for specialised industries (March 2014)
  • Placement of S$32 million Shares in Global Yellow Pages Limited:
    Advised Goubuli Group Co., Ltd. in its S$21 million subscription of new shares in Global Yellow Pages Limited, which is listed on the Main Board of the Singapore Exchange. Goubuli is a well-known food and beverage brand, and owns a chain of fine dining restaurants in the PRC (March 2014)
  • Voluntary Conditional Cash Partial Offer of S$6.3 million for Fu Yu Corporation Limited:
    Advised Fu Yu Corporation Limited, which is listed on the Main Board of the Singapore Exchange, in relation to the S$6.3 million voluntary conditional cash partial offer by an offeror to acquire approximately 10.3% of the total issued and paid-up ordinary shares in the capital of the company. Based on the offer price of S$0.09 per share, the offer values the target group at S$65.96 million. The target group is one of the largest manufacturers and suppliers of high-precision injection moulds and plastic parts in Asia (March 2014)
  • Acquisition of US$309.04 million PRC Property Interests by Yang Guang Co., Ltd.:
    Advised Yang Guang Co., Ltd., which is listed on the Shenzhen Stock Exchange, in its US$309.04 million acquisition of interest in Coralvest Private Limited and Merino Private Limited, which in turn hold interest in Tianjin Jianshe Xinhui Trading Co., Ltd. and Tianjin Zijin Xinjia Trading Co., Ltd., respectively, which are engaged in property development, construction, commercial project management and operation as well as retail-related commercial leasing in the PRC (February 2014)
  • Reverse Takeover of Lifebrandz Ltd:
    Advised Lifebrandz Ltd, which is listed on the Main Board of the Singapore Exchange, in its proposed reverse takeover, which will see the company acquiring a property located in Vietnam of approximately 7,500,000 square metres (which is to be developed into a premium resort comprising championship golf courses, villas, hotel and other outdoor recreational facilities) and a property located at Middle Road of 2,125.20 square metres (which is to be developed into a boutique hotel cum commercial development). The group is currently engaged in brand development and management, with interests in lifestyle-related and entertainment sectors, and leveraging on its core competence in developing brands (February 2014)
  • Placement of S$3,442,500 Shares in Lifebrandz Ltd:
    Advised Lifebrandz Ltd, which is listed on the Main Board of the Singapore Exchange, in its S$3,442,500 placement of shares to private investors. The placement is intended to fund working capital and repayment of shareholder's loan. The group is currently engaged in brand development and management, with interests in lifestyle-related and entertainment sectors, and leveraging on its core competence in developing brands (February 2014)
  • Acquisition of Dalian Serviced Residence by Ascott Residence Trust:
    Advised Ascott Residence Trust, which is listed on the Main Board of the Singapore Exchange, in its S$97.3 million acquisition of interest in Wangze (Dalian) Enterprise Co., Limited, which holds a serviced residence property in Dalian, PRC, from Winner Sight Investments. The 195-unit serviced residence offers a range of one to three-bedroom apartments and penthouses, and is the first international serviced residence in Dalian Development Area (February 2014)
  • Business Diversification of ABR Holdings Limited:
    Advised ABR Holdings Limited, which is listed on the Main Board of the Singapore Exchange, in its business diversification into additional core businesses, comprising residential, commercial, industrial and hospitality property development, redevelopment, sale, lease, management and/or investment and other ancillary or complementary property-related activities. The business diversification is part of the group's corporate strategy to provide shareholders with diversified returns and long-term growth. The group primarily manages, franchises and operates a portfolio of well-known food and beverage companies and brands, including Swensen's, Yogen Fruz, Gloria Jean's Coffees, Oishi Pizza, Season Confectionary & Café, Hippopotamus and Tip Top Curry Puff (February 2014)
  • Placement of S$877,500 Shares in Nico Steel Holdings Limited:
    Advised Nico Steel Holdings Limited, which is listed on the Main Board of the Singapore Exchange, in its S$877,500 placement of new shares to Bay Eagle Ventures Limited at the issue price of S$0.0675 per share. The placement is intended to fund preliminary exploratory studies into the feasibility of the company venturing into upstream minerals related businesses. The group is currently engaged in the business of providing international grade metal alloys and innovative metallurgical solutions to industries including the HDD, telecommunications, consumer electronics, computer peripherals and other industries (January 2014)
  • Exit Offer of S$470 million in connection with the Voluntary Delisting of China XLX Fertiliser Ltd.:
    Advised the controlling shareholder of China XLX Fertiliser Ltd. (dual listed on the Main Board of the Singapore Exchange and The Stock Exchange of Hong Kong Limited) as Singapore counsel in its exit offer in connection with its voluntary delisting from the Singapore Exchange, whilst retaining its listing on the Hong Kong Exchange. Based on the offer price of S$0.40 per share, the group is valued at approximately S$470 million. The group is engaged in the production and sale of urea, compound fertiliser and methanol in the PRC (December 2013)
  • Placement of S$24.84 million Shares in Thai Village Holdings Ltd:
    Advised Thai Village Holdings Ltd, which is listed on the Main Board of the Singapore Exchange, in its S$24.84 million placement of new shares to Zheng Fengwen and Chen Liping at the issue price of S$0.138 per share. The placement is part of the group's strategy to diversify its businesses from its restaurant operations and restaurant management services, and capitalise on opportunities in commercial properties in Asia (December 2013)
  • Voluntary Conditional Cash and/or Securities Offer of S$1.37 billion for People's Food Holdings Limited:
    Advised New Oceana Limited in its voluntary conditional cash and/or securities offer for all the issued and paid-up ordinary shares in People's Food Holdings Limited, which is listed on the Main Board of the Singapore Exchange. Based on the offer price of S$1.20 per share, the offer values the target group at S$1.37 billion. The target group is principally engaged in the production, processing, marketing and distributing of processed meat products such as high temperature meat products, low temperature meat products, chilled fresh pork, frozen pork, pig's by-products and frozen chicken under its Jinluo brand in the PRC (October 2013)
  • Reverse Takeover of Jubilee Industries Holdings Ltd.:
    Advised Jewelstone Properties Limited in a proposed reverse takeover of Jubilee Industries Holdings Ltd., which is listed on the Catalist Board of the Singapore Exchange. Jubilee will acquire Jewelstone's entire equity interest in Tenderside Ventures Limited which owns indirectly 60% of a property development project known as "Viridea@Medini Lakeside" located in Medini Iskandar, Johor, Malaysia, for a consideration of S$60 million, to be satisfied by issuance and allotment of new shares constituting approximately 53.7% of the enlarged issued share capital of Jubilee at the issue price of S$0.22 per share (October 2013)
  • Exit Offer of S$32.4 million in connection with the Voluntary Delisting of Consciencefood Holding Limited:
    Advised Consciencefood Holding Limited, which is listed on the Main Board of the Singapore Exchange, in the S$32.4 million cash exit offer by Baltic Group Capital Limited in connection with the company's voluntary delisting from the Singapore Exchange. The group is principally engaged in the manufacturing and sale of instant noodles, snack noodles and beverages in Indonesia (September 2013)
  • Acquisition of S$12.96 million Land Drilling Rig by Federal International (2000) Ltd:
    Advised Federal International (2000) Ltd, which is listed on the Main Board of the Singapore Exchange, in its S$12.96 million acquisition of a 1,000 HP Brewstern -85 land drilling rig, which consideration is to be satisfied via a debt set-off and issue of new shares. The group's core businesses in oil and gas include supply, assembly and distribution of flowline control products and distribution of oilfield drilling equipment for use on onshore and offshore rigs and drilling platforms (September 2013)
  • Exit Offer of S$1.07 billion in connection with the Voluntary Delisting of Sound Global Ltd.:
    Advised the controlling shareholder of Sound Global Ltd. (dual listed on the Main Board of the Singapore Exchange and The Stock Exchange of Hong Kong Limited) as Singapore counsel in its exit offer in connection with its voluntary delisting from the Singapore Exchange, whilst retaining its listing on the Hong Kong Exchange. Based on the offer price of S$0.70 per share, the group is valued at approximately S$1.07 billion. The group is engaged in providing turnkey water and wastewater treatment solutions, management of water treatment plants and investments in build, operate and transfer projects, mainly in the PRC (September 2013)
  • Mandatory Unconditional Cash Offer of S$276.9 million for Viz Branz Limited:
    Advised Pluto Rising Pte. Ltd. in its mandatory unconditional cash offer for all the issued and paid-up ordinary shares in Viz Branz Limited, which is listed on the Main Board of the Singapore Exchange. Based on the offer price of S$0.78 per share, the offer values the target group at S$276.9 million. The target group is principally engaged in the manufacturing and exporting of fine-quality instant beverages, mixes, snack food and non-dairy creamer, and sells its products to markets such as the People's Republic of China, South-East Asia, Indochina, Iran, Japan, Africa, the Middle East as well as the United States of America (July 2013)
  • Delisting of China Animal Healthcare Limited:
    Advised China Animal Healthcare Limited (dual listed on the Main Board of the Singapore Exchange and The Stock Exchange of Hong Kong Limited) as Singapore counsel in its voluntary delisting from the Singapore Exchange by way of selective capital reduction, whilst retaining its listing on the Hong Kong Exchange. Based on the offer price of S$0.30 per share, the group is valued at approximately S$572.9 million. The group is principally engaged in the business of manufacturing, sale and distribution of animal drugs. It is one of the leading players in the PRC animal drugs industry with 14 proprietary product brand names for powdered drugs, injection form drugs and biological drugs (May 2013)
  • Sale of Inviragen, Inc. to Takeda Pharmaceutical Company Limited:
    Advised Inviragen, Inc. as Singapore counsel in its sale to Takeda Pharmaceutical Company Limited for an upfront payment of US$35 million, and future progress and milestone payments of up to US$215 million. Inviragen is a privately-held biopharmaceutical company specialising in research and development of innovative vaccines for emerging infectious diseases (May 2013)
  • Placement of S$120 million Shares and Warrants in China Animal Healthcare Limited in connection with its Potential Delisting from the Singapore Exchange:
    Advised China Animal Healthcare Limited (dual listed on the Main Board of the Singapore Exchange and The Stock Exchange of Hong Kong Limited) as Singapore counsel in its S$120 million placement of shares and warrants to Lilly Nederland Holding B.V., as part of its financing for a delisting from the Singapore Exchange (April 2013)
  • US$400 million 8.375 per cent Senior Perpetual Capital Securities Issued by Central Plaza Development Ltd.:
    Advised Beijing Capital Land Ltd. as Singapore counsel to its subsidiary guarantors in connection with US$400 million 8.375 per cent senior perpetual capital securities issued by Central Plaza Development Ltd. The issuer is a subsidiary of Beijing Capital Land, which is listed on The Stock Exchange of Hong Kong Limited. The group is a leading integrated property developer in China, primarily engaged in the development and sale of medium to high-end property projects across the country, with a strong presence in Beijing and Tianjin (April 2013)
  • Placement of Shares by Scorpio East Holdings Ltd.:
    Advised Scorpio East Holdings Ltd., which is listed on the Catalist Board of the Singapore Exchange, in its S$2.21 million placement of shares. Scorpio East is principally involved in distribution of video programmes for home entertainment, acquisition and investment in film contents and movie rights, content production and events organisation featuring renown artistes (March 2013)
  • Placement of Shares by Yamada Green Resources Limited:
    Advised Yamada Green Resources Limited, which is listed on the Main Board of the Singapore Exchange, in its S$9.45 million placement of shares to Hydrex International Pte Ltd, which is wholly owned by the executive chairman of Tee Yih Jia group (a global food and beverage group with operations in Singapore, Malaysia, USA, Europe and PRC). Yamada is a major supplier of self-cultivated shiitake mushrooms and operates one of the largest shiitake mushroom cultivation bases in Fujian Province, PRC (February 2013)
  • Joint Venture by ABR Holdings Limited with Palate Group Pte. Ltd.:
    Advised ABR Holdings Limited, which is listed on the Main Board of the Singapore Exchange, in a S$8 million joint venture with Palate Group Pte. Ltd., for the establishment of All Best Foods Pte. Ltd. to develop, franchise, operate and manage well-known food and beverage brands of ABR, such as Gloria Jean's, Tip Top Curry Puffs, Yogen Früz, Swensen's Ice Cream and Oishi Japanese Pizza (January 2013)
  • Voluntary Conditional Cash Offer of S$20.56 million for Sino Construction Limited:
    Advised Allegro Sky Global Capital Ltd in its voluntary conditional cash offer for all the issued and paid-up ordinary shares in Sino Construction Limited, which is listed on the Main Board of the Singapore Exchange. Based on the offer price of S$0.03 per share, the offer values the target group at S$20.56 million. The target group is principally engaged in building construction and civil engineering activities in Daqing City in the People's Republic of China (December 2012)
  • Subscription for S$19 million Shares in Ezion Holdings Limited:
    Advised EDB Investments Pte Ltd in its S$19 million subscription for shares in Ezion Holdings Limited, which is listed on the Main Board of the Singapore Exchange. The Ezion group specialises in the development, ownership and chartering of strategic offshore assets and the provision of offshore marine logistics and support services to the offshore oil and gas industries (December 2012)
  • Voluntary Conditional Cash Offer of S$67.76 million for China Farm Equipment Limited:
    Advised Dragon Harbour Ventures Limited in its voluntary conditional cash offer for all the issued and paid-up ordinary shares in China Farm Equipment Limited, which is listed on the Main Board of the Singapore Exchange. Based on the offer price of S$0.28 per share, the offer values the target group at S$67.76 million. The target group is principally engaged in the manufacture and sale of combine harvesters, plough machines and diesel engines (December 2012)
  • CNY2 billion 7.60 per cent Guaranteed Bonds Issued by Central Plaza Development Ltd.:
    Advised Beijing Capital Land Ltd. as Singapore counsel to its subsidiary guarantor in connection with CNY2 billion 7.60 per cent guaranteed bonds due 2015 issued by Central Plaza Development Ltd. The issuer is a subsidiary of Beijing Capital Land, which is listed on The Stock Exchange of Hong Kong Limited. The group is a leading integrated property developer in China, primarily engaged in the development and sale of medium to high-end property projects across the country, with a strong presence in Beijing and Tianjin (November 2012)
  • Tussle for Board Control in Grand Banks Yachts Limited:
    Advised Grand Banks Yachts Limited (listed on the Main Board of the Singapore Exchange) and its incumbent board of directors in a tussle for board control arising from a requisition by two shareholders to replace the entire board with their own nominees. The incumbent board successfully repelled the challenge at the extraordinary general meeting. Grand Banks Yachts is engaged in manufacturing and selling of luxury yachts worldwide (October 2012)
  • Sale of S$41.895 million Shares by Controlling Shareholder in Viz Branz Limited:
    Advised the controlling shareholder of Viz Branz Limited (listed on the Main Board of the Singapore Exchange) in his S$41.895 million disposal of shares in the company to Lam Soon Cannery Private Limited. The company is engaged in the production and distribution of a range of instant beverages (comprising mainly cereal mix, coffee mix and tea mix) and snack food in the PRC, South-East Asia (comprising Singapore, Malaysia, Thailand, Indonesia and the Philippines) and Indochina (comprising Myanmar, Cambodia, Vietnam and Laos) (October 2012)
  • Placement of S$47.74 million Shares and Warrants in China Animal Healthcare Limited in connection with its Potential Delisting from the Singapore Exchange:
    Advised China Animal Healthcare Limited (dual listed on the Main Board of the Singapore Exchange and The Stock Exchange of Hong Kong Limited) as Singapore counsel in its S$47.74 million placement of shares and warrants to Themes Dragon International Limited and SEB Sicav 2 – SEB Listed Private Equity Fund, as part of its financing for a delisting from the Singapore Exchange (September 2012)
  • Placement of Shares in Grand Banks Yachts Limited:
    Advised Grand Banks Yachts Limited (listed on the Main Board of the Singapore Exchange) in its S$5.238 million placement to a trust associated with the chairman and chief executive officer of Genting Berhad and the chairman and managing director of the Only World Group (which has substantial interests in theme park and amusement park related activities and food, beverage and project management businesses). Grand Banks Yachts is engaged in manufacturing and selling of luxury yachts worldwide (September 2012)
  • Sale of Vendor Shares in IPO and Listing of JB Foods Limited on Singapore Exchange:
    Advised ECOM AgroIndustrial Corp Limited, a Swiss soft commodities wholesale merchant, as a vendor shareholder in JB Foods Limited's S$30 million public invitation and listing on the Main Board of the Singapore Exchange. JB Foods group is engaged in the production and sale of cocoa ingredient products, namely cocoa butter, cocoa powder, cocoa liquor and cocoa cake and exports its products worldwide to customers ranging from international trade houses to end users. Immediately post-Invitation, JB Foods had a market capitalisation of S$120 million (July 2012)
  • Disposal of Guangzhou Serviced Residence by The Ascott Holdings Limited:
    Advised The Ascott Holdings Limited in its S$63.3 million disposal of shares in Hong Kong Yong Zheng Group Company Limited to Ascott Residence Trust, which is listed on the Main Board of the Singapore Exchange. Yong Zheng holds indirectly 100% of Guangzhou Hai Yi Property Development Company, which is established in the PRC and owns a serviced residence located in Guangzhou (July 2012)
  • IPO and Listing of Civmec Limited on Singapore Exchange:
    Advised Civmec Limited in its S$40.4 million public invitation and listing on the Main Board of the Singapore Exchange. The Civmec group is an Australian-based integrated multi-disciplinary construction and heavy engineering services provider to the oil and gas, mining and other industries, such as infrastructure, utilities, chemical and power industries. It provides heavy engineering and other services including fabrication, site civil works, pre-cast concrete and maintenance services. Immediately post-Invitation, Civmec had a market capitalisation of S$200.4 million (April 2012)
  • Renounceable Non-Underwritten S$32.69 million Rights Issue of China Paper Holdings:
    Advised China Paper Holdings Limited, which is listed on the Main Board of the Singapore Exchange, in its S$32.69 million rights issue and ancillary capital reorganisation to reduce the par value of its shares. Rights issue proceeds are for funding the construction, installation and operation of an inhouse power generator for the group's paper production facilities in the PRC (March 2012)
  • S$162.8 million Privatisation and Delisting of Nera Telecommunications Ltd by way of Scheme of Arrangement by Singapore Technologies Electronics:
    Advised Singapore Technologies Electronics Limited, being a wholly owned subsidiary of Singapore Technologies Engineering Ltd, which is listed on the Main Board of the Singapore Exchange, in its S$162.8 million attempted acquisition of shares in Nera Telecommunications Limited, also listed on the Main Board of the Singapore Exchange, pursuant to a privatisation and delisting scheme of arrangement under Section 210 of the Singapore Companies Act (February 2012)
  • Acquisition of Beijing Residential Properties and Commercial Facilities by Beijing Capital Land:
    Advised Beijing Capital Land Ltd., which is listed on The Stock Exchange of Hong Kong Limited, in its acquisition of shares in Reco Camellia Private Limited and Reco Hibiscus Private Limited from Recosia China Pte Ltd for the aggregate purchase consideration of RMB535, 942,738. These companies indirectly own residential buildings and ancillary commercial facilities of approximately 459,000 square metres in Beijing, PRC (January 2012)
  • Investment in Surface Mount Technology:
    Advised Redbud (Oversea) Holding Limited, being an affiliate of the Institute of Tsinghua University, Hebei, as Singapore counsel in its HK$30 million investment in Surface Mount Technology (Holdings) Limited, which is listed on the Main Board of the Singapore Exchange. The investment is conditional upon implementation of a debt and equity restructuring as well as independent shareholders' approval of the Company being obtained for a whitewash resolution in relation to the issuance of new shares to Redbud (October 2011)
  • Acquisition of Beijing Business Park by Trustee of Ascendas REIT:
    Advised HSBC Institutional Trust Services (Singapore) Limited, as trustee of Ascendas Real Estate Investment Trust (listed on the Singapore Exchange), in its S$41.79 million acquisition of shares in Ascendas ZPark (Singapore) Pte Ltd, which owns indirectly Ascendas Z-Link, a business park, located in Haidian District in Beijing, PRC (October 2011)
  • Acquisition of Swiss Metals and Resources Trading Company by CWT:
    Advised CWT Limited (listed on the Singapore Exchange) as Singapore counsel in its US$94.0 million acquisition of MRI Trading AG, based in Switzerland with international offices worldwide and which engages in marketing copper, zinc, and lead non-ferrous concentrates and metals, as well as gold, molybdenum concentrates, and cobalt concentrates/metals to smelting and processing customers globally, and also facilitates logistics and provides operations support services (June 2011)
  • Disposal of Jinshan Chemical Warehouse by CWT:
    Advised CWT Limited (listed on the Singapore Exchange) in its RMB71 million disposal of interest in a special purpose subsidiary to Cache Logistics Trust (also listed on the Singapore Exchange). The subsidiary indirectly holds the property known as Jinshan Chemical Warehouse located within the Shanghai Chemical Industry Park in Caojing Town, Jinshan District, Shanghai, PRC, and the disposal is subject to a leaseback of the property by CWT (June 2011)
  • Disposal of Wuhan People's Parade by The Ascott Holdings Limited:
    Advised The Ascott Holdings Limited in its S$69.8 million disposal of interest in Somerset (Wuhan) Investments Pte Ltd to CapitaRetail China Trust (listed on the Singapore Exchange). The target company indirectly holds the property known as Wuhan People's Parade (also known as New Minzhong Leyuan Mall) located in Jianghan District, Wuhan, Hubei Province, PRC (May 2011)
  • Investment in Qinghai Salt Mining and Distribution Company:
    Advised Zhong Jun Resources (S) Pte Ltd in its S$17.1 million acquisition of a wholly-owned BVI subsidiary of FirstLink Investments Corporation Limited (listed on the Singapore Exchange), which owned a substantial 27.82% stake in Qinghai Province Salt Industry Limited, which in turn is engaged in salt mining and distribution in the PRC (April 2011)
  • Disposal of Interest in Airport City Development Co., Ltd.:
    Advised Prosper Line Investments Limited and Great Ocean Overseas Holdings Limited as vendors in the RMB2.483 billion disposal of their approximately 53% effective interest in Airport City Development Co., Ltd. (which is engaged in the development and operation of airport logistic facilities and provision of cargo logistic services, and is the sole developer of Beijing Capital International Airports airside cargo handling and bonded logistics area) to Global Logistic Properties Limited (listed on the Singapore Exchange) (January 2011)
  • Investment in Raffles City Changning:
    Advised an established institutional investor and a pension fund in acquiring an aggregate 55% interest in an offshore special purpose vehicle involved in developing CapitaLand Limited's second Raffles City integrated development in Shanghai for approximately S$571.85 million (December 2010)
  • Investment in A-Bio Pharma Pte Ltd by Luye Pharma Group:
    Advised A-Bio Pharma in its issue of S$12.5 million Series B Preferred Shares to Luye Pharma Group (listed on the Singapore Exchange) and Biomedical Sciences Investment Fund Pte Ltd (August 2010)
  • Investment in China Animal Healthcare by Blackstone Group:
    Advised China Animal Healthcare Ltd. (listed on the Singapore Exchange) in its issue of US$40 million convertible bonds and S$7 million placement shares to Blackstone (July 2010)
  • Dual Listing:
    (i) Advised China Animal Healthcare Ltd (listed on the Singapore Exchange) in its dual listing by way of introduction on the Main Board of the Stock Exchange of Hong Kong Limited (December 2010)
    (ii) Advising China Gaoxian Fibre Fabric Holdings Ltd. (listed on the Singapore Exchange) in its proposed dual listing by way of depository receipts on the KOSPI Market of the Korea Exchange
  • Acquisition of Drilling Rigs Shipyard by Yangzijiang Shipbuilding:
    Advised Yangzijiang Shipbuilding (Holdings) Ltd. (listed on the Singapore Exchange) in its US$155 million offer for PPL Holdings Pte Ltd from Baker Technology Limited (also listed on the Singapore Exchange). PPL Holdings in turn holds a 15% stake in PPL Shipyard Pte Ltd, which is engaged in the business of design and construction of offshore drilling rigs from shallow water to deep water (April 2010)
  • Acquisition of Chengdu Serviced Apartments Property by Ascott Serviced Residence (China) Fund:
    Advised Ascott Serviced Residence (China) Fund in its RMB367 million acquisition of a Chengdu serviced apartment real property from Shui On China Central Properties Limited, which is a wholly-owned subsidiary of Shui On Construction and Materials Limited (listed on the Hong Kong Exchange (February 2010)
  • Acquisition of Beijing Animal Vaccine Company by China Animal Healthcare:
    Advised China Animal Healthcare Ltd. (listed on the Singapore Exchange) in its RMB210 million acquisition of Beijing Jianxiang Hemu Biological Technology Limited, which is engaged in the manufacture of a vaccine to Porcine Reproductive and Respiratory Syndrome (otherwise known as pig's blue ear disease) (February 2010)
  • Share Placements:
    (i) Advised Yangzijiang Shipbuilding (Holdings) Ltd. (listed on the Singapore Exchange) in its S$77.655 million placement of shares to a Middle East investor (April 2010)
    (ii) Advised CWT Limited (listed on the Singapore Exchange) in its S$12.6 million placement of shares to EDB Investments Pte Ltd (February 2010)
    (iii) Advised China Animal Healthcare Ltd. (listed on the Singapore Exchange) in its S$13.5 million placement exercise in May 2009 and S$24.5 million second placement exercise (September 2009)
    (iv) Advised placement agent, DBS Bank Ltd, in the placement of S$110 million shares in Epure International Ltd (listed on the Singapore Exchange) (July 2007)
  • Debt Restructuring and Settlement of Asia Water Technology:
    Advising institutional investors on the debt restructuring and settlement arising from the breach and non -payment of US$29.5 million bonds owing by Asia Water Technology Ltd. (listed on the Singapore Exchange) (December 2009)
  • IPOs:
    (i) Advised Sateri Holdings Limited as Singapore counsel in its listing on the Main Board of The Stock Exchange of Hong Kong Limited which raised HK$3.64 billion (December 2010)
    (ii) Advised China Gaoxian Fibre Fabric Holdings Ltd. in its Main Board listing on the Singapore Exchange in September 2009 which raised S$116.5 million (September 2009)
  • Rights Issue of GMG Global:
    Advised DBS Bank (acting as issue manager and underwriter) and Sinochem International (Overseas) Pte. Ltd. (being the majority shareholder and sub-underwriter) in the S$100 million fully-underwritten renounceable rights issue of GMG Global Ltd (listed on the Singapore Exchange) (July 2009)
  • Acquisition of Inner Mongolian Biological Animal Drugs Company by China Animal Healthcare:
    Advised China Animal Healthcare Ltd. (listed on the Singapore Exchange) in its RMB288 million acquisition of a controlling stake in Inner Mongolia Biwei Antai Biological Technology Co., Ltd., which is engaged in the manufacture of biological animal drugs, and more particularly, vaccines for animal hand-foot-and-mouth disease (December 2008)
  • Delisting and Privatisation of Midsouth Holdings:
    Advised Zhong Nan Holdings Limited in its S$65.8 million exit offer for the shares of Midsouth Holdings Ltd (listed on the Singapore Exchange) in connection with its delisting and privatisation (September 2008)
  • Partial Offer for GMG Global:
    Advised Sinochem International (Overseas) Pte. Ltd. in its 51% partial offer for GMG Global Ltd (listed on the Singapore Exchange) for S$268 million (August 2008)
  • Disposal of Controlling Stake in Richland Group:
    Advised the 70% controlling shareholders of Richland Group Limited (now known as Ramba Energy Limited, and listed on the Singapore Exchange) on the disposal of their controlling stake to Indonesian parties for S$30 million (May 2008)
  • Reverse Takeover of Colorland Animation:
    Advised Colorland Animation Ltd. (now known as China Animal Healthcare Ltd., and listed on the Singapore Exchange) in its S$175 million reverse takeover by PRC purchasers engaged in the production and sale of animal drugs (November 2007)
  • Acquisition of Chengdu Retail Mall by Starhill Global REIT:
    Advised Macquarie MEAG Prime Real Estate Investment Trust (now known as Starhill Global Real Estate Investment Trust, and listed on the Singapore Exchange) in its RMB350 million acquisition of a retail mall in Chengdu (August 2007)
  • Financial Assistance:
    Advised Habib Corporation Berhad (listed on the Bursa Malaysia) in its financial assistance whitewash procedure in relation to a US$170 million facility (September 2006)
  • Canal Construction Project in Zhejiang:
    Advised Isyoda Corporation Berhad (listed on Bursa Malaysia) in its RMB386 million joint venture to construct, operate, manage and maintain a 25-year, 25 km waterway canal in Zhejiang Province, PRC (August 2006)
  • Equity Restructuring of China Aviation Oil:
    Advised China Aviation Oil (Singapore) Corporation Ltd (listed on the Singapore Exchange) in its US$130 million equity restructuring exercise, to rehabilitate itself as a going concern, after incurring debilitating derivatives losses of approximately US$500 million (February 2006)
  • Acquisition of Marine Logistics Assets of Chuan Hup:
    Advised Habib Corporation Berhad (listed on Bursa Malaysia) in its S$570 million acquisition of marine logistics assets from Chuan Hup Holdings Limited (September 2005)
  • Disposal of Desalination Plant of Hyflux:
    Advised Hyflux Ltd. (listed on the Singapore Exchange) in the S$30 million disposal of its 50% interest in Singspring, the special purpose vehicle which owns Singapore's first sea desalination plant (worth approximately S$200 million), to Temasek (May 2005)
  • Acquisition of Petroleum Retail Network of BP Singapore:
    Advised Singapore Petroleum Company Limited in its US$70 million acquisition of BP Singapore Pte. Limited's retail network business (including its 29 retail service stations) and liquefied petroleum gas business (September 2004)
  • Capital Reduction:
    Advised Aztech Group Ltd (which is listed on the Main Board of the Singapore Exchange) (February 2015), Commerzbank (South-East Asia) Ltd (July 2003), Alpine Electronics Pte Ltd (May 2002), NSTB Holdings Pte Ltd (January 2002), Cap Gemini Ernst & Young Singapore Pte Ltd (December 2001), Standard Foods Singapore Pte Ltd (April 2001) and SKF Manufacturing Singapore (Pte.) Ltd. (May 2000) in their capital reduction
  • Business Transfers:
    Advised 3M, Fujitsu, World Fuel Services, Pacific Richfield in the business transfer of their Singapore subsidiaries as part of a global restructuring
  • Amalgamations:
    Advised Singapore Oxygen Air Liquide Private Limited in the amalgamation of Singapore Oxygen Air Liquide Private Limited and Singapore Carbon Dioxide Company Private Limited (2016), ECOM Agroindustrial in the amalgamation of ECOM Agroindustrial Asia Pte. Ltd. and Armajaro Singapore Pte. Ltd. (2014) and ACI Worldwide Corp. in the amalgamation of ACI Worldwide (Asia) Pte. Ltd. and S1 Corporation (S) Pte Ltd (2013)