26 Mar 2019
Potential investment into Mandalay Yoma
Partner Alroy Chan acted as transaction counsel to Sol Partners Pte Ltd on the sale of a minority stake in Mandalay Yoma Energy Company Limited, a Myanmar-focused off-grid energy specialist and market leader in Myanmar’s PV mini-grid industry, to ENGIE Group. This is part of Myanmar’s national programme for total electrification by 2030. Under this new partnership and the country’s mini-grid programme, Mandalay Yoma Energy Company Limited plans to implement solar mini-grids in remote villages without access to Myanmar’s national grid.
13 Mar 2019
Acquisition of 100% interest of the Singapore incorporated company which holds the property known as Rivervale Mall
Partners Norman Ho, Hoon Chi Tern, Benjamin Tay, Cindy Quek, Senior Associate Shane Ng, and Associates Janice Pui, Toh Jia Wen, Marcus Tay assisted SC Capital Partners in the legal due diligence, warranty & indemnity insurance, drafting, negotiation and finalisation of transaction documents and associated financing in connection with the approximately S$230 million acquisition of 100% interest in the SPV holding the property known as Rivervale Mall from AEW Capital Management.
04 Mar 2019
Voluntary cash offer for shares in DeClout Limited
Partner Danny Lim and Senior Associate Cheryl Tay advised DeClout Limited in the S$86.58 million voluntary cash offer by Exeo Global Pte. Ltd., which is a wholly-owned subsidiary of Kyowa Exeo Corporation, for the shares of DeClout. 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.
28 Feb 2019
Acquisition of SPVs holding 6 strata-titled office floors in Suntec City Development
Partners Norman Ho, Benjamin Tay, Hoon Chi Tern, Lee Weilin, Ho Mei Shi, Senior Associate Shane Ng, and Associates Janice Pui, Toh Jia Wen and Clarence Tan assisted Alpha Investment Partners in the legal due diligence, warranty & indemnity insurance, drafting, negotiation and finalisation of transaction documents and associated financing in connection with the S$160 million acquisition of shares in SPVs holding 6 strata-titled office floors with a total strata area of about 70,000 square feet in Suntec City Development.