30 Jul 2018

Proposed transfer of listing status from Memstar Technology Ltd. to T B N Property Company Limited

Partners Danny Lim and Tan Mui Hui, Senior Associate Cynthia Wu and Associate Gina Ng are acting for Thai mall owner, T B N Property Company Limited ("TBN") in relation to the proposed transfer of listing status from Memstar Technology Ltd. ("Memstar") to TBN by way of a scheme of arrangement. The transaction is valued at around S$106 million, taking into account the indicative value attributed to TBN and Memstar’s listing status.