Chia Kim Huat.JPEG

Chia Kim Huat

Regional Head, Corporate & Transactional Practice
Partner, Rajah & Tann Singapore LLP

Practice Area:

Capital Markets
Mergers & Acquisitions

LLB (Hons), National University of Singapore
Advocate & Solicitor, Supreme Court of Singapore

T +65 6232 0464
E kim.huat.chia@rajahtann.com

Kim Huat has extensive experience in capital market, public and private mergers and acquisitions, cross-border joint ventures and private equity investments, both in Singapore and the region.  He travels regularly in the Asia-Pacific region advising clients on a wide range of matters, including infrastructure projects, township development, hotel management, global restructuring, REITs and Business Trusts.  Kim Huat also advises foreign investors on their investments in Singapore, including listings on the Singapore Exchange, privatisations, secondary and dual listings.

He has been recognised as a leading lawyer in his field by International Financial Law Review 1000, Chambers Global "Leaders in their Field",  Asia Pacific Legal 500, Chambers Asia, Who's Who Legal: Corporate - Merger & Acquisition and BestLawyers, 6th Edition.

Experience
Corporate Finance
  • Acted for Singapore Technologies Electronics Limited in acquisition of shares in Nera Telecommunications Limited pursuant to a privatization and delisting scheme of arrangement
  • Acted for the Spice Group in connection with a corporate restructuring exercise
  • Acted for C&P Holdings and CWT Limited in the listing of Cambridge Industrial Trust with a market capital of approximately S$140 million
  • Acted for C&P Holdings and CWT Limited in the listing of Cache Logistics Trust with a market capital of approximately S$417 million
  • Acted for China Gaoxian Fibre Fabric Holding Ltd in its listing on SGX-ST with a market capital of approximately S$375 million
  • Acted for China Minzhong Food Corporation Limited in its listing on SGX-ST with a market capital of approximately S$650 million
  • Acted for C&P Holdings in the acquisition of controlling stake in CWT Limited value at approximately S$46 million
  • Acted for STX Pan Ocean in the dual listing of their shares in Korea
  • Acted for Sinochem International in the partial offer for 51% shares in GMG Global Limited value at approximately S$100 million
  • Acted for companies listed on the mainboard of Singapore Exchange in the acquisition and listing of PRC assets and businesses, including state-owned assets
  • Acted for controlling shareholders in privatisation of Pakara Technology Limited
  • Acted for controlling shareholder in the privatisation of Midsouth Holdings Limited value at approximately S$70 million
  • Acted for PRC private investor in reverse takeover of SESDAQ listed company
  • Acted for investor in subscription of US$25 million preference shares exchangeable for listed shares in PRC holding company
  • Acted for investor in subscription of US$15 million preference shares issued by PRC holding company
  • Acted for majority shareholders in the disposal controlling stakes in Richland Group Limited value at approximately S$13 million
  • Acted for foreign investors in the listing of PRC businesses and assets, including application to the China Securities Regulatory Commission
  • Acted for offeror in voluntary delisting from SGX and its compulsory acquisition of remaining shares value at approximately S$66 million
  • Acted for Hyflux in the privatisation of Hyflux Water Trust
  • Acted for YangZijiang in US$77 million placement exercise
  • Acted as Singapore Counsel for the listing of Sateri Holdings Limited on Hong Kong Stock Exchange
  • Acted for China Animal Healthcare Ltd in its secondary listing on the Hong Kong Stock Exchange
  • Acted for China Gaoxian in its dual listing on the Korean Stock Exchange
  • Acted for Grand Banks Yachts Limited, which is listed on the Main Board of the SGX-ST, in its S$5.238 million placement of new shares
  • Acted for an established institutional investor and a pension fund in acquiring an aggregate 55% interest in an offshore purpose vehicle involved in CapitaLand Limited's second Raffles City integrated development in Shanghai
  • Acted for Asia Water Technology in a debt restructuring and settlement of non-payment bond of US$29.5million owing by Asia Water Technology Ltd
  • Acted for GMG Global in the S$100 million fully-underwritten renounceable rights issue of GMG Global Limited
  • Acted for Richland Group (now known as Ramba Energy Limited) on their disposal of their controlling stake to Indonesian parties for S$30 million
  • Acted for China Aviation Oil in its US$130 million equity restructuring exercise
  • Acted for ABR Holdings Limited which is listed on the Main Board of the SGX-ST in its S$8 million joint venture with Palate Group Pte. Ltd.
  • Acted as Singapore counsel to Inviragen, Inc. in its acquisition by Takeda Pharmaceutical Company Limited for an upfront payment of US$35 million, and future payments of up to US$215 million.
  • Acted for Pluto Rising Pte. Ltd. in its S$276.9 million mandatory unconditional cash offer for Viz Branz Limited.
  • Acted for China Minzhong Food Corporation Limited in relation to the mandatory conditional cash offer by UOB Kay Hian Private Limited, for and on behalf of PT Indofood Sukses Makmur Tbk valued at S$734.1 million.
  • Acted for Consciencefood Holding Limited, which is listed on the Main Board of SGX-ST in the S$32.4 million cash exit offer by Baltic Group Capital Limited.
  • Acted for Fortis Healthcare Limited (as sponsor) and Religare Health Trust Trustee Manager Pte. Ltd. (as trustee-manager) on the S$709.3m listing of Religare Health Trust on the Main Board of the SGX-ST, the first business trust comprising healthcare assets in India
  • Acted for China Minzhong Food Corporation Limited ("CMZ") in relation to the S$89.67 million subscription by PT Indofood Sukses Makmur Tbk ("ISM"), a company listed on the Indonesian Stock Exchange, of S$98 million ordinary shares in CMZ at a subscription price of S$0.915 per share
  • Acted for Yamada Green Resources Limited, which is listed on the Main Board of SGX-ST, in its S$9.45 million placement of shares
  • Acted for Scorpio East Holdings Ltd, which is listed on the Catalist, in its S$2.21 million placement of shares.
  • Acted for China Animal Healthcare Limited, which is listed on the Main Board of the SGX-ST, in its S$120 million placement of shares and warrants to Lilly Nederland Holding B.V.,
  • Acted for Sino Construction Limited, which is listed on the Main Board of the SGX-ST, in its S$3.46 million placement of shares, for the capitalization of amounts owing to debtors as well as fresh injection of funds from its controlling shareholder.
  • Acted for China Animal Healthcare Limited, which is listed on the Main Board of the SGX-ST and The Stock Exchange of Hong Kong Limited, in its voluntary delisting from the SGX-ST.
  • Acted for SAC Capital Private Limited as joint placement agent in relation to the initial public offering of International Healthway Corporation Limited and its listing and quotation on Catalist value at S$770.33 million.
  • Acted for Offeror in the conditional cash exit offer by CIMB Bank Berhad, Singapore Branch and CIMB Securities Limited (HK) in acquisition of all the issued ordinary shares in and all the outstanding convertible bonds of Sound Global Ltd valued at approximately S$1.07 billion.
  • Acted for Federal International (2000) Ltd, which is listed on the Main Board of SGX-ST, in its S$12.96 million acquisition of a 1,000 HP Brewstern -85 land drilling rig.
  • Acted for SGX Main Board-listed Grand Banks Yachts Limited in its 1 for 2 renounceable non-underwritten rights issue of shares to raise S$12.3 million.
  • Acted for Offeror in the conditional cash exit offer by CITIC Securities Corporate Finance (HK) Limited and CLSA Singapore Pte Ltd in acquisition of all the issued ordinary shares in China XLX Fertiliser Ltd valued at approximately S$470 million.
  • Acted for PT Sugih Energy Tbk in its pre-conditional partial offer to acquire 51% of the total issued share capital of Ramba Energy Limited
Banking/Bonds/Funds
  • Acted for lender in US$150 million term loan facilities
  • Acted for the one of the sponsors in US$180 million project finance in Shanghai, PRC
  • Acted for one of the originators in a US$100 million assets securitisation MTN programme
  • Acted for investors in US$1 billion China retail property fund
  • Acted for the lender in a HK$600 million project finance in Hong Kong
  • Acted for PRC borrower in RMB 250 million facility in China
  • Acted for a lender in 332 billion Korea Won loan facility in Korea
  • Acted for offeror in the financing for takeover of public listed company in Singapore
  • Acted for lenders in US$150 million structured finance transaction to Korean conglomerate
  • Acted for lender in RMB 178 million revolving credit facilities
  • Acted for lender in US$30 million term loan facilities
  • Acted for lender in RMB 200 million term loan facilities
  • Acted for the lender in a US$38 million project finance in Shanghai
  • Acted for borrower in US$90 million term loan facilities
  • Acted for borrower in US$30 million dual currency facility
  • Acted for borrower in US$51 million term loan facility and RMB 280 million facility in PRC
  • Acted for the lender in a US$20 million and RMB10 million revolving credit facilities in Shanghai
  • Acted for lenders in restructuring of US$25 million loan facility in Shanghai
  • Acted for the lender in a US$30 million end-purchase finance in Shanghai
  • Acted for the lender in a US$25 million loan restructuring in Shanghai
  • Acted for the lender in a US$50 million working capital loan in Hong Kong
  • Acted for the financier in a S$100 million receivables financing
  • Acted for one of the sponsors in US$50 million loan in Shanghai
  • Advised issuer in JPY550 million bond issue in Korea
  • Acted for Singapore borrower ins US$100 million facility to finance purchase of mezzanine debt
  • Advised foreign investor on asset backed securitisation structure in Korea
  • Advised foreign party on the provision of loans and securities by Thai entities
  • Acted for investor in subscription of US$15 million listed euro convertible bonds issued by Taiwan listed company
  • Acted for investor in subscription of US$25 million listed euro convertible bonds issued by Taiwan listed company
  • Acted for sponsors in setting up of US$600 million property fund
  • Acted for arranger in US$60 million convertible bond to Singapore listed company
  • Acted for Indonesian Borrower in US$65 million structured finance for investing in palm oil
  • Acted for investor in US$25 million convertible bond by Taiwan company
  • Acted for China Animal Healthcare Ltd in US$40 million convertible bond issuance
  • Acted for Beijing Capital Land Ltd as Singapore counsel in connection with CNY2billion guaranteed bonds
Real Estate
  • Acted for an international consortium in connection with the construction, development, management and operation of a 70 square kilometres industrial township in Suzhou, PRC
  • Acted for various developers in real estate developments in Beijing, Shanghai, Suzhou, Wuhan and Tianjin, PRC
  • Acted for foreign investors in acquisition of major office buildings in Korea
  • Acted for foreign investors in real estate investment in Japan
  • Acted for foreign investors in the sale and purchase of residential properties in PRC
  • Acted for Singapore investors in the leasing of office and commercial properties in PRC
  • Advised in the leasing of office and commercial properties in Korea
  • Acting for foreign investor in acquisition of development land in PRC
  • Acted for foreign investor in the leasing of industrial land in PRC
  • Acted for foreign investors in large scale local housing projects in Shanghai Puxi and Pudong, PRC
  • Acted for foreign investors in the development of service apartments in Beijing and Tianjin, PRC
  • Acted for Singapore investors in purchase of office building in Korea
  • Acted for foreign funds in acquisition of PRC malls for consideration of approximately S$760 million
  • Acted for Singapore Consortium in en-block purchase of Singapore properties
  • Acted for several REITS and companies in the sale and leaseback of Singapore properties
  • Acted for Singapore investors in the acquisition of industrial properties portfolio in Singapore
  • Acted for investors in the development of Raffles city integrated development in Shanghai
  • Acted for Singapore investors in the acquisition of real property in Shanghai
  • Acted for Beijing Capital Land Ltd in an acquisition of Beijing Residential Properties and Commercial Facilities at an aggregate purchase consideration at RMB 536million
Entertainment / Hospitality
  • Acted for Raffles Hotel Group in the set up of Raffles Beijing, Raffles Tianjing and hotel projects in Beijing, Tianjin and Sanya, PRC.
  • Acted for Capella Hotel Group in hotel projects in Nanjing, Anhui & Hainan, PRC
  • Acted for Solis Hotel Group in hotel projects in Jiangsu, Xuzhou, Shenzhen & Suzhou, PRC
  • Acted for Fairmont Hotel Group in hotel projects in Beijing, Chengdu, Sanya, Nanjing, Taiyuan, Suzhou and Wuxi, PRC
  • Acted for Swissotel Hotel Group in hotel projects in Chengdu and Changsha, PRC.
  • Acted for Oakwood Asia in serviced apartment projects in Beijing, Tianjin, Wuxi, Suzhou, Chengdu, Guangzhou and Yangzhou, PRC.
  • Acted for foreign investors in the development of entertainment complexes in Suzhou, Kunming, Yangzhou, Xiamen, Shanghai, Wuhan & Dalian, PRC
  • Acted for foreign investors in operation of service apartments in Japan
  • Acted for a Singapore investor in an underwater world project in Nanjing, PRC
  • Acted for foreign investors in the development of race circuits and golf course in Zhuhai, PRC
  • Acted for a Singapore investor in acquisition of media business in PRC
  • Acted for an Indonesian investor in acquisition of retail business in Shanghai, PRC
  • Acted for foreign investor in acquisition of service apartments in Chengdu, PRC
  • Acted for Patina Hotel & Resort Group in its flagship hotel project in Singapore
  • Acted for Patina Hotel & Resort Group in Liaoning Province, PRC
  • Acted for Patina Hotel & Resort Group in drafting its hotel agreements templates
Infrastructure
  • Acted for a foreign investor in its acquisition of waste water treatment plants in Henan and Fuzhou, PRC
  • Acted for a Singapore investor in a power plant project in Qingyuan, PRC
  • Acted for foreign investors in a highway project in Guangxi, PRC
  • Acted for a Singapore investor in the development of tract land, highways and bridges in Suzhou, PRC
  • Acted for an airport operator in the management of aircargo hub in PRC
  • Acted for a Singapore investor in development of warehousing facilities in Shanghai, PRC
  • Acted for Hyflux in the disposal of part of its PRC water treatment assets to a leading global engineering company in Japan
  • Acted for YangZijiang in acquisition of PPL Holdings (which indirectly owned PPL Shipyard) for consideration of US$155 million
  • Acted for airport operator in the disposal of interests in airport logistics facilities in PRC for consideration of approximately US$375 million
  • Acted for a port group in S$340 million acquisition of port in PRC.
Technology / Telecommunication
  • Advised venture capital funds and technology companies on internet-related investments in PRC
  • Acted for a Singapore investor in internet-related investment in Beijing, PRC
  • Advised an American company in software licensing agreements and warranty documents for use in PRC
  • Advised foreign investor on technology transfer and licensing issues in PRC
  • Advised foreign investors on investing in telecommunication business in PRC
Manufacturing
  • Acted for a Norwegian industrial group in its acquisition of a plant that manufactures sodium alginate, mannitol and iodine in Rizhao, PRC
  • Acted for major petroleum companies in the setting up of petrochemical plants in Shanghai, PRC
  • Acted for foreign investors in the sale and purchase of manufacturing plants in Shenzhen and Wuxi, PRC
  • Acted for a Japanese investor in setting up an electronics plant in Suzhou, PRC
  • Acted for a Singapore listed company in its acquisition of a manufacturing plant in Taiwan that manufactures machine tools
  • Acted for a Malaysian investor in a palm oil project in Chengdu, PRC
  • Acted for a Swiss investor in setting up a meat processing plant in Shandong, PRC
  • Acted for a Singapore investor in sea farming in Xiamen, PRC
  • Acted for a Norwegian investor in acquisition of aluminium plant in Wuxi, PRC
  • Acted for foreign investors in setting up of bakery business in Guangzhou, PRC
  • Advising government-linked entities on establishing joint ventures to set up a pig farm project in Jilin, PRC
Trade
  • Advised foreign manufacturers on distribution of goods and services in PRC
  • Acted for foreign sellers in sale of large-scale equipment and machineries to PRC entities
  • Advised foreign investors on franchise and agency structures in PRC
  • Advised foreign financiers on factoring and trade receivables financing in PRC
  • Acted for a large aircraft maintenance company in several landing gear and engine joint ventures in Singapore
Aviation
  • Advised foreign investors on investment in PRC private airline
  • Advised foreign investors in setting up of aircraft maintenance facility in PRC
  • Advised foreign victims involved in aviation accident in PRC
  • Acted for a large aircraft maintenance company in several landing gear and engine joint ventures in Singapore
Miscellaneous
  • Advised foreign investors on arbitration and joint venture disputes in PRC
  • Advised foreign investors on investment in education business in PRC
  • Advised foreign investors on sale of shares and properties in PRC
  • Advised foreign investors on tax and employment issues in PRC
  • Advised foreign investors on several joint venture disputes in PRC
  • Advised foreign investors on recovery of debts in PRC
  • Advised large PRC state-owned enterprise in EPC contract dispute in Indonesia
  • Advised foreign investor in EPC contract dispute in PRC
  • Advising a company listed on the SGX-ST in legal issues relating the company’s accounting discrepancies and trading suspension
Memberships / Directorships
  • Independent Director , PEC Ltd
  • Director, R&T Corporate Services Pte Ltd
  • Director, Ascendas Hospitality Fund Management Pte. Ltd
  • Director, Ascendas Hospitality Trust Management Pte. Ltd.
  • Director and Secretary of The Financial Board of Singapore Chinese Chamber of Commerce
  • Vice-Chairman, SCCCI Young Entrepreneur Network
  • Vice-Chairman, SCCCI External Relations Committee
  • Committee Member, FutureChina & GoEast, Business China
  • Member, Singapore Academy of Law
  • Member, Law Society of Singapore
  • Member, The American Chamber of Commerce
  • Member, China Enterprises Association
  • Member, China Sub-Committee, International Promotion of Singapore Law
Past Memberships / Directorships
  • Member, Singapore-Liaoning Economic & Trade Council
  • Independent Director of Ascendas Funds Management (S) Limited (Manager of A-REIT)
  • Independent Director of Ascendas China Commercial Fund Management Limited
  • Singapore Chinese Chamber of Commerce & Industry (Technology Committee)
  • Singapore Chinese Chamber of Commerce & Industry (Research & Publication Committee)
  • Management Committee Member, Singapore Chinese Chamber Institute of Business
  • Member, Organising Committee of World Chinese Business Forum
Publications
  • "Corporate Governance in China", article in Pulses, a publication of Singapore Exchange
  • "The New Foreign Investment Guideline", article in Law Gazette, a publication of the Law Society of Singapore
  • "PRC Companies Going Public - Legal and Due Diligence Issues", article in Pulses, a publication of Singapore Exchange
  • "Hitchhiker's Guide to the PRC Economic Express", article in Inter Se, a publication of the Singapore Academy of Law
  • "Listing of PRC Companies in Singapore", article in Venture Capital, a publication of the Taiwan Venture Capital Association
  • "China's Accession to WTO - Changes and Opportunities", article in Lawlines, a publication of Rajah & Tann
  • "A Review of the New PRC Contract Law and Construction Contracts", article in Lawlines, a publication of Rajah & Tann
  • "Venture Capital Investments in China", article in Lawlines, a publication of Rajah & Tann
  • "Attracting International Talent to China", article in Lawlines, a publication of Rajah & Tann
  • "Duties and Liabilities of Directors in Korea", article in Lawlines, a publication of Rajah & Tann
  • "Leveraging Off a Rising Asia: Dual and Secondary Listings", online article in the Association of Corporation Counsel
  • “Serious Tax Crimes designated Money Laundering Predicate Offences”, a publication of Lexology
  • “Singapore – Personal Data Protection Act 2012 – Do Not Call Registry and Personal Data Protection Commission”, a publication of Lexology
  • “Singapore – Public Consultation on Draft Companies (Amendment) Bill 2013”, a publication of Lexology
  • “China – Administrative Measures for the Registration of Foreign Debts”, a publication of Lexology
  • "How a Diversified Board can Enhance Shareholder Value", article in conference program of Singapore Institute of Directors Conference 2013 entitled Corporate Governance: From Form to Value Creation
  • Key Legislative and Regulatory Developments in Singapore for the Year 2013, a publication of Rajah & Tann
  • SGX Regulatory Enhancements to Strengthen Securities Market, a publication of Rajah & Tann
  • “Get ready, get set… trade! China’s push into ASEAN: Things to note”, a publication of China Business Law Journal
Conferences and Professional Activities
  • Speaker on foreign investment in China organised by Singapore Academy of Law
  • Speaker on "WTO & China - Legal Changes and New Opportunities" organised by Singapore Chinese Chambers for Commerce and Industry
  • Speaker on "Investment Strategy - Understanding the legal system and business environment in China" organised by the Embassy of the People's Republic of China
  • Speaker on "Understanding Chinese Contract" organised by Key Media
  • Speaker on Listing of PRC Companies and Assets organised by Rajah & Tann
  • Speaker on "Post-WTO China" organised by Butterworths Asia
  • Chairperson and speaker for Legal & Tax updates for China Strategic Alliances & Joint Ventures Conference organised by The Asia Business Forum
  • Speaker on "Hong Kong & Singapore Legal Profession : Partner to China Business" organised by The Law Society of Singapore
  • Speaker on "China & WTO" organised by The Asia Business Forum
  • Speaker on Corporate Governance and Director Duties in PRC
  • Speaker on China Mergers & Acquisitions organized by Key Media
  • Chairperson and speaker on "PRC Business Law, MOFTEC & Joint Venture Contract" organised by The Asia Business Forum
  • Speaker on "Free Trade Agreement - Business Opportunities"
  • Guest Speaker for "Strategic Minds" a ChannelNewsAsia programme, discussing legal and business environment in China
  • Appearance in "Good Morning, Singapore", a Channel 8 programme discussing investment opportunities in China
  • Speaker for Radio 93.8 programme on "China-Riding the Dragon" series of talks discussing foreign investment and legal pitfalls in China
  • Speaker on “China Investment Policy” organised by ieSingapore
  • Guest Speaker for “The Agenda” a ChannelNewsAsia programme discussing venturing abroad, business culture in Asia and outsourcing
  • Speaker on US-Singapore Free Trade Agreement
  • Speaker on Japan-Singapore Economic Partnership Agreement
  • Speaker on Investment & Funding Environment in Singapore organised by Singapore International Arbitration Centre
  • Speaker on Dealing with Employment Legal Issues in PRC organised by Singapore Indian Chamber of Commerce & Industry
  • Speaker on Pitfalls in Cross-Border Mergers & Acquisition organised by Indonesian Corporate Counsel Association
  • Speaker on “Law & Regulation regarding Investment in Singapore” in Beijing, Chengdu, Shanghai, Tianjin, Chongqing, PRC
  • Speaker on Global Structure to Tackle Asian Market and Asian Transactional Issues organised by CDI, Japan
  • Speaker on “FDI & Merger & Acquisition in China” in the Middle East
  • Speaker on Expansion & M&A in Asia organised by Financial Management Forums, Inc, Japan
  • Speaker on “The legal Aspect of Doing Business in Singapore” in Changsha, PRC
  • Speaker on Taking the Leap of Faith – Venturing into Unknown Territories organised by Singapore Chinese Chamber of Commerce & Industry
  • Speaker on Strategies for Managing Risks & Resolving Disputes involving Chinese Parties in International Arbitration organised by Singapore International Arbitration Centre in New York
  • Speaker on Private Equity – Private Pastimes organised by International Bar Association 2013 in Boston
  • Speaker on Using Singapore as a Springboard to Asia: Practical Considerations in Conducting Asian Operations From Singapore organised by Association of Corporate Counsel in Los Angeles
  • Speaker on “Legal Framework relating to Investment in Singapore”, Qingdao, PRC
  • Speaker on “Foreign Investment in Myanmar” organised by United Overseas Bank Limited
  • Chairperson and speaker on “From Conception to Action, Where do I start with Innovation?” organised by SME Centre
  • Chairperson and speaker for China Hotel Investment Conference 2014 organised by HVS Global Hospitality Services
  • Speaker on Women’s Day Forum on Family, Career and Life
  • Moderator for China Hotel Investment Conference 2015 organised by HVS Global Hospitality Services
  • Speaker for Beyond 2016 中新互联互通融合峰会 in Chongqing, PRC
  • Speaker and organiser of various customised seminars for clients