08 Jun 2017

Acquisition of the entire issued share capital of Acuatico Pte. Ltd.

Partners Cheng Yoke Ping, Cynthia Goh and Senior Associate Debbie Woo acted for Moya Holdings Asia(MHA) on the acquisition by its wholly-owned subsidiary, Moya Indonesia Holdings, of the entire issued and paid up share capital of Indonesian water company Acuatico for approximately US$92.87 million in cash. The transaction also involved debt refinancing of the Acuatico group’s existing loans of approximately US$152.31 million via an assignment to the purchaser.