10 Jul 2017
Hind Lifestyle Services – Sale of the entire issued and paid-up share capital in Naumi Services
Partners Norman Ho, Terence Quek, Tan Shijie and Associates Yong Chang Ling, Marco Low and Lee Jin Rui acted for Hind Lifestyle Services, part of the Hind Group controlled by the Jhunjhnuwala family, on the sale of the entire issued and paid-up share capital in Naumi Services, which sits across ten adjoining freehold conservation shophouses along Keong Saik Road. The transaction also involved a leaseback arrangement, under which the Hind Group will continue to operate the hotel using another entity.
30 Jun 2017
Initial public offering and listing of Shopper360 Limited by way of placement
Partner Howard Cheam acted for Shopper360 on its initial public offering and listing by way of placement in Singapore. The IPO is expected to raise gross proceeds of S$11 million (US$8 million), and its market capitalisation will be about S$33.2 million (US$24 million) upon completion of the IPO.
07 Jun 2017
Pacific Radiance Ltd. - S$70 million loan under the IFS Scheme run by IE Singapore
Partners Chua Choon King, Lim Chen Chen, Lee Hock Chye, Por Chuei Ying and Associate Sheila Ng acted for United Overseas Bank and DBS Bank on the S$70 million (US$50.4m) loan granted to a subsidiary of Singapore-listed Pacific Radiance, a provider of integrated offshore marine support services. The loan was approved under the Internationalisation Finance Scheme by International Enterprise Singapore, and is part of government-backed efforts to provide support for the beleaguered offshore and oil and gas sector.
31 May 2017
Proposed Disposal of 100% of the Issued Shares in the Capital of LKN Investment International Pte. Ltd.
Partners Lawrence Tan, Chen Xi, Lorena Pang and Associate Janice Pui are acting for Singapore-listed HL Global Enterprises on its proposed disposal of 100 percent of the issued shares in the capital of LKN Investment International to Natural Apex, a wholly-owned subsidiary of Hong Kong-listed Jingrui Holdings.