Howard Cheam..JPEG

Howard Cheam

Partner, Rajah & Tann Singapore LLP
Director, Rajah & Tann (Thailand) Limited

Practice Area:

Capital Markets
Mergers & Acquisitions

LLB (Hons), Kings College, University of London
Advocate & Solicitor, Supreme Court of Singapore since 2001

T +65 6232 0685
E howard.cheam@rajahtann.com

Howard's area of expertise is in corporate finance and mergers and acquisitions.  He has been involved in many initial public offerings, both local and international, such as the initial public offerings by Eurosports Global Limited (Catalist Board), Gaylin Holdings Limited, China Minzhong Food Corporation Limited, China Energy Limited, China Sports International Limited, China Zaino International Limited and Li Heng Chemical Fibre Technologies Limited.

He has also been involved in various public M&A transactions where he has acted for the offeror, offeree or financial adviser, such as in the takeover offers for Jaya Holdings Ltd, CWT Distribution Limited and Neptune Orient Lines Limited. He is also active in cross border M&A transactions, most recently, having acted as lead counsel for Asahi and Great Wall Group in Singapore-Myanmar transactions.

Howard's experience also includes various fund raising exercises for listed and unlisted companies such as the issue of bond instruments, convertible instruments and placements. In addition, Howard also handles general corporate and advisory work, such as joint ventures, trade transactions and investments.

He is also a specialist in corporate governance matters and is heavily involved in continuing sponsorship activities whereby he is a registered professional of two SGX Catalist Board listed companies, Medtecs International Corporation Limited and CCFH Ltd.

Experience
Corporate Finance – IPO and RTO
  • Acted for Eurosports Global Limited in its S$23 million initial public offering and listing on the Singapore Stock Exchange Trading Limited.
  • Acted for China Minzhong Food Corporation Limited Limited in its S$235 million initial public offering and listing on the Singapore Stock Exchange Trading Limited.
  • Acted for Li Heng Chemical Fibre Technologies Limited in its S$320 million initial public offering and listing on the Singapore Stock Exchange Trading Limited.
  • Acted for Gaylin Holdings Limited in its S$39 million initial public offering and listing on the Singapore Stock Exchange Trading Limited.
  • Acted for China Hongxing Sports Limited in its S$48 million initial public offering and listing on the Singapore Stock Exchange Trading Limited.
  • Acted for China Energy Limited in its S$206 million initial public offering and listing on the Singapore Stock Exchange Trading Limited.
  • Acted for China Sports International Limited in its S$80 million initial public offering and listing on the Singapore Stock Exchange Trading Limited.
  • Acted for China Zaino International Limited in its S$87 million initial public offering and listing on the Singapore Stock Exchange Trading Limited.
  • Acted as legal adviser to DBS Bank, the underwriter, in connection with the initial public offering and listing on SESDAQ of Kinergy Limited.
  • Acted as legal adviser to OCBC Bank Limited, the underwriter, in connection with the initial public offering and listing of UE E&C Limited.
  • Acted as solicitors for SM Summit Holdings Limited in its acquisition of Centurion Dormitory by way of an RTO.
Public Offers
  • Acted as the legal adviser to C&P Holdings Pte Ltd (Offeror) in connection with its acquisition of a majority stake in the issued capital of CWT Distribution Limited, and its mandatory takeover offer in respect of CWT Distribution Limited.
  • Acted as the legal advisor to The Hongkong and Shanghai Banking Corporation Ltd in its capacity as the Independent Financial Advisor (IFA) to Neptune Orient Lines Limited (‘NOL’) in connection with the takeover offer of NOL by Temasek group.
  • Acted as the legal adviser to Thinkpac Limited (Offeror) in connection with its acquisition of a majority stake in the issued capital of SM Summit Holdings Limited, and its mandatory takeover offer in respect of SM Summit Holdings Limited.
  • Acted for Singapore Retail Group in its mandatory unconditional cash offer for Courts (Singapore) Limited.
  • Acted for the Purchasers (Offeror) in respect of the Exit Offer and delisting of Pakara Technologies Limited.
  • Acted for the Purchasers (Offeror) in respect of the Exit Offer and delisting of Centraland Limited.
  • Acted for the Purchasers (Offeror) in respect of the Exit Offer and delisting of Pine Agritech Limited.
  • Acted for the Issuer (Offeree) in respect of the Exit Offer and delisting of Synear Food Holdings Limited.
  • Acted for the Issuer (Offeree) in respect of the Unconditional Voluntary Offer and delisting of Li Heng Chemical Fibres Limited.
Corporate Finance - General
  • Acted for China Hongxing Sports Limited in the placement of 400,000,000 shares at an issue price of S$1.18 raising an aggregate of approximately S$450 million.
  • Acted for an investment fund in an investment of up to US$40 million by way of subscription of convertible bonds in a Singapore company involved in the development and/or sale of land parcels in the Asia Pacific region to petroleum companies for use as petrol kiosks.
  • Acted for Lindeteves-Jacoberg Limited (‘LJL’) in relation to its fund raising and debt restructuring exercise by way of an investment by ATB Austria Antriebstechnik AG of approximately S$25 million in LJL through a share subscription and scheme of arrangement between LJL and its creditor banks.
  • Acted for a company involved in the sale of land parcels to certain oil majors in relation to the issue of convertible bonds of up to US$50 million to investors.
  • Acted for United Test and Assembly Center Ltd in a selective capital reduction exercise and proposed share buyback mandate.
  • Acted for Pine Agritech Limited in the issue of RMB 2 Billion in aggregate principal amount of US dollar settled zero coupon convertible bonds.
  • Acted for China Hongxing Sports Limited in the issue of US$100 million redeemable convertible preference shares.
  • Registered Professional responsible for the continuing sponsorship of Medtecs International Corporation Limited
Mergers and Acquisitions
  • Acted for Great Wall Group in connection of its asset disposal and joint venture with Wilmar International Limited in relation to the sugar business in Myanmar.
  • Acted for Asahi in its acquisition and joint venture in Myanmar with Loi Hein Group in relation to the soft drinks business.
  • Acted for Swiss Re as the Singapore counsel advising on the Singapore component, to its acquisition of GE Insurance Solutions, the fifth largest reinsurer worldwide, from General Electric Company in a global US$6.8 billion transaction.
  • Acted for SNP Corporation Ltd in relation to its S$40 million conditional sale of business and assets to Times Publishing Limited.
Litigation/ Arbitration
  • Acting for a Bangladesh telecommunications company in an international arbitration conducted in Singapore in an action against a Malaysian telecommunications company, for breach of a joint venture agreement in a claim amounting to approximately US$200 million.
  • Acted for minority shareholder in a minority oppression dispute involving the shareholders of a local construction company in a claim amounting to approximately S$10 million. Subsequent arbitration to resolve the dispute as to the valuation of the share of the minority shareholder in a buy out of the minority shareholder.
  • Acted as defence counsel in numerous prosecutions under the Prevention of Corruption Act.
  • Acted as defence counsel in prosecutions in respect of insider trading and market manipulation.
Reported Cases
  • Public Prosecutor v Cheong Hock Lai and Other Appeals [2004] 3 SLR 203
  • Public Prosecutor v Cheong Hock Lai and Others [2004] SGDC 37
  • Public Prosecutor v Mohamed Ridwan Bin Omar and Others [2003] SGHC 49
  • Law Society of Singapore v Quan Chee Seng Michael [2003] SGHC 140
  • Lim Boon Ming v Tiang Choo Yang [2002] 2 SLR 183
  • Public Prosecutor v Pek Eng Hua [2001] SGMC 44
Memberships / Directorships
  • Member, Singapore Academy of Law
  • Member, Law Society of Singapore
  • Volunteer, Criminal Legal Aid Scheme
  • Registered Professional with the SGX-ST
  • Former independent director of Edition Limited formerly known as Oniontech Limited (resigned in 2014), a company listed on the Catalist Board of the SGX-ST
  • Director of Rajah & Tann (Thailand) Limited
  • Director of Rajah & Tann Corporate Services Pte Ltd
Company Secretary
  • Company secretary of two SGX-ST listed companies (i) China Minzhong Food Corporation Limited and (ii) Anchor Resources Limited
Continuing Sponsorship Activities
  • Registered Professional of two SGX Catalist Board companies (i) Medtecs International Corporation Limited and (ii) Mercurius Ltd and (iii) KLW Limited.