13 Jan 2016

Privatisation and Delisting of HTL International Holdings Limited by way of a Possible Scheme of Arrangement by Guangdong Yihua Timber Industry Co., Ltd.

Danny Lim from the Capital Markets / Mergers & Acquisitions Practice Group is acting for 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 possible 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 privatization 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.