24 Jun 2020
Ascent Myanmar Growth Fund Pte. Ltd’s minority investment in Frontiir Pte. Ltd
Partners Chester Toh, Hiroyuki Ota and Alroy Chan from Rajah & Tann Singapore; and Min Thein from Rajah & Tann Myanmar Company Limited assisted the largest private equity firm in Myanmar, Ascent Myanmar Growth Fund Pte. Ltd., in its US$15 million minority investment in Frontiir Pte. Ltd.
22 Jun 2020
Acquisition of Star Readers Pte. Ltd by Maple Leaf CIS Holdings Pte. Limited
Partner Tan Mui Hui from Rajah & Tann Singapore is acting for China Maple Leaf Educational Systems Limited in the proposed S$680 million acquisition by Maple Leaf CIS Holdings Pte. Limited of 100% of the issued and paid up capital of Star Readers Pte. Ltd., which operates the Canadian International School in Singapore, from Rainbow Readers Pte. Ltd.
19 Jun 2020
Acquisition of Perennial Real Estate Holdings Limited by Primero Investment Holdings Pte. Ltd
Partner Sandy Foo and Senior Associate Goh Jun Yi from Rajah & Tann Singapore are acting for Perennial Real Estate Holdings Limited (“Perennial”) in the S$1.58 billion voluntary conditional cash offer by United Overseas Bank Limited and DBS Bank Ltd, for and on behalf of Primero Investment Holdings Pte. Ltd, a consortium comprised of Chinese private equity firm HOPU and key shareholders of Perennial, to acquire all of the issued and paid-up ordinary shares in the capital of Perennial.
15 Jun 2020
PT Genomik Solidaritas Indonesia’s issuance of convertible bond
Partner Yanu Wiriasmoko from Assegaf Hamzah & Partners acted for PT Genomik Solidaritas Indonesia (a subsidiary of Indika Foundation, a foundation established by PT Indika Energy Tbk.) in its fund raising through the issuance of IDR 77,5 billion (approximately USD 5,5 million) convertible bond, for the purpose of funding the client’s project in establishing and operating a RT-PCR (reverse transcription polymerase chain reaction) laboratory to detect and conduct testing of Covid-19 in Indonesia.