01 Nov 2023
C.P. Retail Development and Tesco Stores win administrative lawsuit on US$10.6 billion merger against 38 individuals.
Partner Supawat Srirungruang from R&T Asia (Thailand) successfully represented major retail companies C.P. Retail Development and Tesco Stores (currently known as Lotus’s Stores), in a case challenging the Trade Competition Commission’s approval of their US$10.6 billion merger in Thailand. The plaintiffs claimed the approval was unlawful, but the Central Administrative Court ruled in favour of the mergers, affirming the lawfulness of the disputed order in all aspects and the case was dismissed.
26 Sep 2023
TSH Resources Berhad’s secondary listing on SGX-ST
Partners Raymond Tong and Jasselyn Seet from Rajah & Tann Singapore, alongside Partner Por Chuei Ying from Christopher & Lee Ong acted for TSH Resources Berhad in its secondary listing on the Main Board of the Singapore Exchange (SGX-ST). TSH Resources Berhad has a primary listing on the Main Market of the Bursa Malaysia Securities Berhad and is principally engaged in oil palm cultivation and the processing of fresh fruit bunches into crude palm oil and palm kernel. As at the date of listing, TSH Resources Berhad had a market capitalisation of approximately RM1.38 billion.
01 Sep 2023
S$140 million investment in New Vision Holding Pte. Ltd by Hsteel Pte. Ltd
Partners Danny Lim and Cynthia Wu from the Capital Markets / Mergers & Acquisitions Practice, together with Elsa Chai from the Corporate Real Estate Practice are advising Hsteel Pte. Ltd. in its S$140 million investment in New Vision Holding Pte. Ltd., which is presently held by The Place Singapore Investment Pte. Ltd. (a subsidiary of The Place Holdings Limited, which is listed on the Main Board of the Singapore Exchange Securities Trading Limited), MCC Land (Singapore) Pte. Ltd. and Sun Card Limited.
18 Aug 2023
AP Technologies’ growth equity fundraising round with AGIC Capital
Partner Tracy Ang from Rajah & Tann Singaporeacted for AP Technologies Group Pte. Ltd. (“AP Technologies”) in its growth equity fundraising round with AGIC Capital, a private equity firm. AP Technologies specialises in the manufacturing of medical tubing and also provides a wide range of support services required for catheter manufacturing.