QAF Group’s S$110.3 million disposal of its primary production business in Australia

Acted for QAF Limited in relation to the S$110.3 million disposal by the QAF Group of its Primary Production Business in Australia and following completion of the disposal, the declaration of a special dividend of approximately S$11.5 million to the shareholders of QAF. QAF Limited has been listed on the Mainboard of the SGX-ST since 1967 and is a leading multi-industry food company with its core businesses in bakery and distribution and warehousing. Partner Cynthia Goh led the transaction.