19 Sep 2019
Voluntary Conditional Cash Offer for Shares in San Teh Ltd
Danny Lim and Penelope Loh from the Capital Markets / Mergers & Acquisitions Practice are advising San Teh Ltd (“Company”) on the S$95.77 million (US$69.6m) voluntary conditional cash offer by CEL Impetus Corporate Finance Pte Ltd for and on behalf of Singapore San Teh Real Estate Pte. Ltd. for the shares of the Company. The Company is listed on the SGX-ST Mainboard and is engaged in property development and investment, hotel, and PVC pipes and fittings businesses.
22 Aug 2019
Acquisition of Landmark Tower, Singapore
Partners Norman Ho, Elsa Chai, Angela Lim, Gazalle Mok, Cindy Quek and Chou Ching from Rajah & Tann Singapore acted for Landmark JV, a consortium comprising of ZACD Group, MCC Land and Sin Soon Lee Realty, on the S$286 million (US$205.6m) collective acquisition of all the strata lots and common property in the 139-unit leasehold residential development known as Landmark Tower situated at 173 Chin Swee Road, Singapore. The firm also acted for the syndicate of banks / financial institutions in the financing of the acquisition of Landmark Tower.
15 Aug 2019
Acquisition of issued and paid-up share capital in Yongjin Holdings
Partners Norman Ho, Benjamin Tay, Loh Chun Kiat and Cindy Quek from Rajah & Tann Singapore acted for Arch Capital Management, a Hong Kong-based fund manager, on the approximately S$210 million (US$151.5m) acquisition, on behalf of a German fund, of the entire issued and paid-up share capital in Yongjin Holdings, the registered proprietor of Anson House, the property situated at 72 Anson Road, Singapore. The team also assisted in the financing of the transaction.
14 Aug 2019
Acquisition of shares in CITIC Envirotech
Partner Danny Lim from Rajah & Tann Singapore advised CITIC Environment (International) on the acquisition of 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.