01 Oct 2019
Acquisition of shares in PT Nusantara Compnet Integrator and PT Pro Sistimatika Automasi
Partner Eko Basyuni from Assegaf Hamzah and Partners acted for ITOCHU Techno-Solutions Corporation (CTC), a Japanese multinational IT services company, in its IDR980 billion (US$69.2 million) acquisition of 70% of shares in PT Nusantara Compnet Integrator and PT Pro Sistimatika Automasi. The team assisted in providing necessary advice relating to the transaction structure and fulfilment of conditions precedent to accommodate the best interests of both the sellers and the buyer to ensure a successful consummation of the deal.
19 Sep 2019
Voluntary Conditional Cash Offer for Shares in San Teh Ltd
Danny Lim and Penelope Loh from the Capital Markets / Mergers & Acquisitions Practice are advising San Teh Ltd (“Company”) on the S$95.77 million (US$69.6m) voluntary conditional cash offer by CEL Impetus Corporate Finance Pte Ltd for and on behalf of Singapore San Teh Real Estate Pte. Ltd. for the shares of the Company. The Company is listed on the SGX-ST Mainboard and is engaged in property development and investment, hotel, and PVC pipes and fittings businesses.
04 Sep 2019
Corporate bond issuance in Cambodia
Partner Tiv Sophonnora from R&T Sok & Heng Law Office acted for Advanced Bank of Asia (ABA Bank), the first commercial bank in Cambodia, on its US$21 million first corporate bond issuance in Cambodia.
28 Aug 2019
Investment in Fintek Karya Nusantara
Partners Eko Basyuni and Indira Yustikania from Assegaf Hamzah & Partners acted for a group of eight state-owned enterprises, namely Pertamina, Telkomsel, Asuransi Jiwasraya, Danareksa and four SOE banks, on their Rp1.826 trillion (US$128m) investment in Fintek Karya Nusantara, the operator of e-money company LinkAja. LinkAja is owned by Telekomunikasi Selular, a subsidiary of Telekomunikasi Indonesia.