24 Aug 2018
Acquisition of Shares in Beaqon Pte. Ltd. and TJ Systems (S) Pte. Ltd.
Partner Danny Lim and Associate Gina Ng acted for DeClout Limited in its acquisition of shares in Beaqon Pte. Ltd. and TJ Systems (S) Pte. Ltd., coupled with a subsequent earn out consideration. DeClout is a global builder of next-generation information and communications technologies companies which invests in, incubates and scales companies to become global or regional market leaders. Its portfolio companies comprise of Procurri, Beaqon, vCargo Cloud and Corous360.
30 Jul 2018
Proposed transfer of listing status from Memstar Technology Ltd. to T B N Property Company Limited
Partners Danny Lim and Tan Mui Hui, Senior Associate Cynthia Wu and Associate Gina Ng are acting for Thai mall owner, T B N Property Company Limited ("TBN") in relation to the proposed transfer of listing status from Memstar Technology Ltd. ("Memstar") to TBN by way of a scheme of arrangement. The transaction is valued at around S$106 million, taking into account the indicative value attributed to TBN and Memstar’s listing status.
18 Jul 2018
Initial public offering and listing of Koufu Group Limited
Partners Chia Kim Huat and Hoon Chi Tern and Associates James Chan and Jasselyn Seetacted for Koufu Group Limited ("Koufu"), and Jun Yuan Holdings Pte Ltd, in the initial public offering and listing of Koufu on the Main Board of the SGX-ST. Koufu is an established operator and manager of F&B establishments primarily in Singapore, with a presence in Macau. The initial public offering and the issuance of cornerstone shares raised gross proceeds of approximately S$74.3 million and Koufu has an estimated market capitalisation of S$350 million.
16 Jul 2018
Initial public offering and listing of FSM Holdings Limited on the Main Board of HKSE
Partners Howard Cheam, Hoon Chi Tern, Por Chuei Ying and Associates Jasselyn Seet, Maple Chieng, Stephanie Wong, Liew Mun Yee and Teo Sin Yee acted for FSM Holdings Limited, in its initial public offering and listing on the Main Board of the Hong Kong Stock Exchange. FSM Holdings Limited has an estimated market capitalisation of HK$650 million.