13 Jun 2024
Series A funding round of Unigrid Inc.
Partner Tracy Ang from Rajah & Tann Singapore acted for Ritz Venture Capital Ltd. in its participation as co-lead investor in the Series A funding round of Unigrid Inc., a San Deigo-based startup developing advanced sodium-ion batteries. The successful close of the Series A funding round allows Unigrid to be well positioned to strengthen its production capacity and meet growing market demand.
28 May 2024
$439 million collective sale of Delfi Orchard to CDL Draco Pte. Ltd.
Senior Partner Norman Ho and Partner Gazalle Mok from Rajah & Tann Singapore are acting for the vendors in the S$439 million collective sale of Delfi Orchard to CDL Draco Pte. Ltd., a subsidiary of City Developments Limited. Located in a prime location along Orchard Road, Delfi Orchard is a 11-storey freehold strata-title development comprises of 150 commercial and residential units. This deal marks the third major collective sale in the Orchard Road corridor. The sale is subject to the statutory sale order being obtained.
27 May 2024
Acquisition of Acrophyte Pte. Ltd.
Partner Favian Tan from Rajah & Tann Singapore is acting for Acrophyte Pte. Ltd., formerly known as Chip Eng Seng Corporation Ltd., in the acquisitions by (a) Acrophyte Asset Management Pte Ltd of the entire issued share capital of the managers of ARA US Hospitality Trust ("ARA H-Trust"), and (b) Acrophyte Limited of approximately 19% of the total number of issued stapled securities in ARA H-Trust. Partners Anne Yeo and Sun Zixiang from the Funds and Investment Management Group Practice assisting with the regulatory related aspects of the transaction.
10 May 2024
Silicon Box’s US$200 million Series B fundraising round
Partners Tracy Ang and Janice Pui from Rajah & Tann Singapore acted for Intel Capital Corporation in respect of Silicon Box Pte. Ltd.'s US$200 million Series B fundraising round, putting the company at over a US$1 billion valuation. Silicon Box Pte. Ltd. is a semiconductor packaging company, specialising in chiplet integration services.