18 Apr 2017
Acquisition of the remaining 20% shareholding interests in BBR Construction Systems (M) Sdn Bhd
Partners Lawrence Tan, Favian Tan, Yon See Ting and Associates Alina Tan and Kimberly Goh acted for BBR Holdings (S) on its acquisition from Voon Yok Lin of the remaining 20 percent shareholding interests in its subsidiary, BBR Construction Systems (M) (BBRM). The consideration was satisfied in full by the issuance of 16.5 million new issued and fully paid-up ordinary shares by BBRH to the vendor. Following completion of the acquisition, BBRM has become a wholly-owned subsidiary of BBR. In connection with the acquisition, an additional listing application was submitted in Singapore for the listing and quotation of the new BBR shares.