09 Apr 2017
Pre-conditional voluntary general offer by HNA Holding Group Co. Limited
Partner Sandy Foo and Associate Janice Pui from the Capital Markets/Mergers & Acquisitions practice are acting for Credit Suisse (Singapore) Limited ("Company"), the financial advisers to Stanley Liao Private Limited, Ng Tai Chuan (Pte.) Ltd and Mr Chung Boon Hoe, who are the shareholders of C & P Holdings Pte Ltd, the controlling shareholder of CWT Limited ("Offeree").
HNA Belt and Road Investments (Singapore) Pte. Ltd. ("Offeror"), a wholly owned subsidiary of HNA Holding Group Co. Limited (a company listed on The Stock Exchange of Hong Kong Limited), has made a pre-conditional voluntary general offer ("Offer") to acquire all the issued and paid up ordinary shares in the capital of the Offeree, other than those already owned, controlled or agreed to be acquired by the Offeror, its related corporations, and their respective nominees ("Offer Shares").
Based on the offer price of S$2.33 per Offer Share, the Offer values the Company at approximately S$1.4 billion.