28 Aug 2021
S$45.9 Million subscription of shares in BRC Asia Limited and S$22.2 million acquisition of shares in BRC Asia Limited
Partners Danny Lim and Penelope Loh from Rajah & Tann Singapore are advising BRC Asia Limited (“BRC Asia”), which is listed on the Main Board of the Singapore Exchange Securities Trading Limited, in its S$45.9 million placement of new shares to Hong Leong Asia Investments Pte. Ltd. (“Hong Leong Asia”). The firm is also advising Xinsteel Singapore Pte. Ltd., Nuocheng International Trading & Investment Pte. Ltd., Toe Teow Heng, Wu Ai Ping and Shi Yong as vendors in the S$22.2 million sale of shares in BRC Asia to Hong Leong Asia.