13 Feb 2024

Disposal of interest in its Myanmar subsidiary by HG Metal Manufacturing Limited

Partners Danny Lim and Cynthia Wu from Rajah & Tann Singapore advised HG Metal Manufacturing Limited, which is listed on the Main Board of the Singapore Exchange Securities Trading Limited, in the disposal of interest in its Myanmar subsidiary, First Fortune International Company Limited. HG Metal is one of the largest steel distributors and processors around the region, with business presence in Singapore, Indonesia and Malaysia.

 

13 Feb 2024

Acquisition of shares in HG Metal Manufacturing Limited

Partners Danny Lim and Cynthia Wu from Rajah & Tann Singapore advised Green Esteel Pte. Ltd. in its acquisition of shares in HG Metal Manufacturing Limited, which is listed on the Main Board of the Singapore Exchange Securities Trading Limited, from Rise Capital Ventures Limited. Green Esteel is an investment holding company, with substantial investments locally, including in BRC Asia Limited, which is also listed on the Main Board of the Singapore Exchange. HG Metal is one of the largest steel distributors and processors around the region, with business presence in Singapore, Indonesia and Malaysia.

30 Jan 2024

Joint venture between HEXA Renewables Malaysia Sdn. Bhd. and UEM Lestra Berhad

Partners Favian Tan and Janice Pui from the Capital Markets / Mergers & Acquisitions Practice Group, alongside Partner Shemane Chan from the Construction & Projects, Energy & Resources Practice Groups acted for HEXA Renewables Malaysia Sdn. Bhd., a portfolio company of I Squared Capital, in its joint venture with UEM Lestra Berhad, a wholly-owned subsidiary of Malaysia's sovereign wealth fund Khazanah Nasional Berhad, and ITRAMAS Corporation Sdn. Bhd. to develop a 500-megawatt hybrid solar plant in Malaysia. Partners Por Chuei Ying and Lim Siaw Wan from Christopher & Lee Ong supported on the Malaysian legal aspects of the transaction.

29 Jan 2024

S$450 million acquisition of VisionCrest Commercial

Partner Norman Ho and Cindy Quek from Rajah & Tann Singapore acted in the S$450 million acquisition of all 21 strata lots at VisionCrest Commercial, an 11-storey freehold commercial building with retail and Grade-A office space, by a joint venture of TE Capital Partners and LaSelle Investments. This is believed to be Singapore’s largest office deal of 2023.