25 Oct 2017
Acquisition of the remaining 50% equity interest in Dartina Development Limited
Partner Cynthia Goh, with Partners Elsa Chai, Lee Weilin, Rajesh Sreenivasan, Lina Chua, Nigel Pereira, Vikna Rajah and Associates Jacquelynne Baey, Cheryl Tay, Amelia Cheng, Angela Teng, Hazel Lim, Kenneth Thng, Timothy Ang and Alvin T'ng acted for Golden Screen Limited, a subsidiary of Hong Kong-listed Orange Sky Golden Harvest Entertainment (Holdings) Limited and an existing 50% shareholder of Dartina Development Limited, in its S$175 million acquisition of the remaining 50% shareholding in Dartina Development Limited from Village Cinemas Australia Pty Ltd, a subsidiary of Australia-listed Village Roadshow Limited. Dartina Development Limited is the holding company of four Singapore private companies, principally engaged in the business of owning, operating and managing cinema complexes and distributing motion pictures in Singapore under the "Golden Village" brand name.
20 Oct 2017
Initial public offering and listing of Sea Limited on the New York Stock Exchange
Partners Evelyn Wee, Terence Quek, Celeste Lee, Steve Tan, Vikna Rajah and Associates Yong Chang Ling, Nur Rauda, Alvin T'ng from Rajah & Tann Singapore; Co-Managing Partner Ahmad Assegaf, Partner Zacky Husein, Senior Associate Renaldi Zulkarnain and Associate Derry Dewa from Assegaf Hamzah & Partners (Indonesia); and Partner Nha Nguyen, Senior Associate Thuy Huynh and Associate Samuel Peirce from Rajah & Tann LCT Lawyers (Vietnam) acted for Sea Limited (the “Company”) in connection with its US$884 million initial public offering on the New York Stock Exchange, with an over-allotment option for the underwriters to purchase an additional 8.84 million American depository shares.The Company is a leading internet company in Indonesia, Taiwan. Vietnam, Thailand, the Philippines, Malaysia and Singapore and provides digital entertainment services such as FIFA and League of Legends, digital financial services Airpay and e-commerce platform Shopee.
02 Oct 2017
Delisting Exit Offer for Rotary Engineering Limited
Partners Sandy Foo, Favian Tan and Associates Alina Tan, Ng Su Rong are acting for Rotary Engineering on its proposed voluntary delisting from Singapore and the exit offer by DBS Bank, for and on behalf of Orochem, for the shares in Rotary. Based on the exit offer price of S$0.46 (US$0.34) per share, the transaction values Rotary at approximately S$261 million (US$192 million).
01 Oct 2017
Merger of Far Eastern Bank Limited into United Overseas Bank Limited
Partners Lawrence Tan and Cynthia Goh, together with Partners Regina Liew, Margaret Chin and Associate Alina Tan acted for United Overseas Bank Limited ("UOB") in the merger of UOB and its wholly-owned subsidiary, Far Eastern Bank Limited ("FEB") pursuant to Sections 14A to 14C of the Banking Act, with UOB being the surviving merged entity (the "Merger"). FEB was valued at S$351 million when UOB made a voluntary offer to privatise FEB in 2015.