20 Sep 2021

Kheng Leong Company (H.K.) Limited’s acquisition of “21 Anderson”

Partners Norman Ho and Tan Chon Beng, Senior Associate Amelia Cheng, Associates Ho Ting En, Calvin Lim and Letitia Chen from Rajah & Tann Singapore LLP are acting for Kheng Leong Company (H.K.) Limited in its S$213 million acquisition of a group of companies which owns 21 Anderson, a freehold condominium development in Singapore (the “Property”), from Hong Kong-listed Far East Consortium International Limited. The Property has a gross floor area of 87,000 square feet which translates to an estimated value of S$2,448 per square foot. It is in the vicinity of Anderson and Walshe roads in Singapore and is strategically situated within the Orchard Road shopping belt.

31 Aug 2021

Series C fundraising of Doctor Anywhere

Partners Tracy Ang and Lee Jin Rui from Rajah & Tann Singapore advised Doctor Anywhere, a regional tech-led healthcare company, in its US$65.7 million Series C fundraising round led by Asia Partners, with investors including Novo Holdings, Philips, OSK-SBI Venture Partners, and other existing investors.

28 Aug 2021

S$45.9 Million subscription of shares in BRC Asia Limited and S$22.2 million acquisition of shares in BRC Asia Limited

Partners Danny Lim and Penelope Loh from Rajah & Tann Singapore are advising BRC Asia Limited (“BRC Asia”), which is listed on the Main Board of the Singapore Exchange Securities Trading Limited, in its S$45.9 million placement of new shares to Hong Leong Asia Investments Pte. Ltd. (“Hong Leong Asia”). The firm is also advising Xinsteel Singapore Pte. Ltd., Nuocheng International Trading & Investment Pte. Ltd., Toe Teow Heng, Wu Ai Ping and Shi Yong as vendors in the S$22.2 million sale of shares in BRC Asia to Hong Leong Asia.

28 Aug 2021

Hong Leong Asia Investments Pte. Ltd’s subscription of shares in BRC Asia Limited and acquisition of shares in BRC Asia Limited

Partner Cynthia Goh from Rajah & Tann Singapore is acting for Hong Leong Asia Investments Pte. Ltd., a wholly-owned subsidiary of Hong Leong Asia Ltd, in its S$45.9 million subscription of shares in BRC Asia Limited and its S$22.2 million acquisition of 6.16% shares in BRC Asia Limited. Partner Kala Anandarajah is advising on the competition aspects.