08 Oct 2020
PT Soho Global Health Tbk’s Initial public offering
Partner Mohammad Renaldi Zulkarnain from Assegaf Hamzah & Partners has represented PT Soho Global Health Tbk., an Indonesian leading healthcare company, on its IPO. The company offered 114,380,700 shares or 13.78% of its total issued and paid-up capital. The shares are listed on the Indonesia Stock Exchange on 8 September 2020. AHP’s M&A team advised Quadria Capital, as the holder of convertible bonds, in converting its bonds in conjunction with this IPO process.
03 Sep 2020
Groups360, LLC’s acquisition of Idem Labs Pte. Ltd
Partners Lawrence Tan, Loh Chun Kiat, Lionel Tan and Celeste Lee from Rajah & Tann Singapore acted for Groups360, LLC, an online meetings marketplace company, in its acquisition of the business of Idem Labs Pte. Ltd., an online hotel rooms booking platform provider.
21 Aug 2020
QT Vascular Ltd.’s S$1 billion acquisition of Tengri Coal and Energy Pte. Limited
Partners Danny Lim and Cynthia Wu from Rajah & Tann Singapore are acting for medtech firm QT Vascular Ltd. in its S$1 billion acquisition of Tengri Coal and Energy Pte. Limited, a Mongolian mining and energy group. On completion, the acquisition will result in the reverse takeover of the company.
14 Aug 2020
Establishment of a state-owned hospital holding company led by PT Pertamina Bina Medika IHC (“PBM”)
Partners Putu Suryastuti and Mohammad Renaldi Zulkarnain from Assegaf Hamzah & Partners acted for the controlling shareholders of seven state-owned hospitals, namely PT Krakatau Steel (Persero) Tbk., PT Pelabuhan Indonesia II (Persero), PT Pelabuhan Indonesia III (Persero), PT Perkebunan Nusantara X, PT Perkebunan Nusantara XI, PT Perkebunan Nusantara XII, and PT Timah Tbk., in the second phase of the establishment of a state-owned hospital holding company, led by PT Pertamina Bina Medika IHC (“PBM”). The transaction resulted in PBM becoming the new controller of the seven hospitals by holding approximately 67% shares in each hospital. This second phase was closed on 7 August 2020.