28 Feb 2018

Debt and share sale in FSL Holdings Pte. Ltd.

Partners Evelyn Wee, Lee Xin Mei, Hoon Chi Tern, Senior Associate Adzfar Alami and Associate Jasselyn Seet have acted for HSH Nordbank AG and its subsidiary, Godan GmbH in the disposal of all of Godan’s shares in FSL Holdings Pte. Ltd., and HSH’s interests in a loan granted to FSL Holdings Pte. Ltd., to Prime Shareholdings Inc. FSL Holdings Pte. Ltd. is the controlling unitholder of First Ship Lease Trust and owns 100% of the shares in FSL Trust Management Pte. Ltd., the trustee-manager of First Ship Lease Trust, a registered business trust listed on the Main Board of the SGX-ST.