Daphne’s areas of practice encompass capital markets, mergers and acquisitions, and various other real estate, corporate and commercial transactions.
Her experience or practice in corporate finance and capital markets includes initial public offerings (“IPO“), equity and debt securities offerings.
She also has experience in takeovers, mergers and acquisitions of companies and businesses, commercial property transactions and joint ventures.
EXPERIENCE
Corporate Finance & Capital Markets
- Advised Steel Hawk Berhad, a Malaysian group of companies principally involved in the provision of onshore and offshore support services for the O&G industry, as Issuer’s counsel for its proposed transfer listing from LEAP Market to ACE Market of Bursa Securities.
- Acted as the Underwriter’s counsel for the initial public offering and listing of Johor Plantations Group Berhad (formerly known as Johor Plantations Berhad) on the Main Market of Bursa Malaysia Securities Berhad.
- Advised Edelteq Holdings Berhad in its initial public offering and listing on the ACE Market of Bursa Malaysia Securities Berhad, with the expectations to raise approximately MYR24.0 million from its initial public offering.
- Acted as Malaysian counsel in connection with the secondary listing of and quotation for TSH Resources Berhad’s entire issued shares on the Main Board of the Singapore Exchange Securities Trading Limited by way of introduction. 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.
- Advised Digi.Com Berhad on the equity markets components of the proposed merger of Digi and Celcom Axiata Berhad. In conjunction with the Proposed Merger, Axiata and the persons acting in concert with Axiata in relation to the Proposed Merger (“Axiata PACs”) trigger the obligation under Section 218(2) of the CMSA to make a take-over offer to the Digi shareholders to acquire the remaining Digi shares not already owned by Axiata and the Axiata PACs. The implications of this and the compliance with the Rules on Take-Overs, Mergers and Compulsory Acquisitions were considered from Digi’s perspective.
- Advised and represented Kitacon Sdn Bhd, which operates in the heavy and civil engineering construction sector, on its proposed listing on the main market of bursa Malaysia Securities Berhad.
- Acted as the issuer’s counsel and advised on the IPO in conjunction with the listing of a company involved in the manufacturing of cables and wires that are used for power distribution, communications as well as control and instrumentation applications on the ACE Market of Bursa Securities.
- Acted as the issuer’s counsel and advised on the IPO in conjunction with the listing of a company involved in the manufacturing of automated equipment on the ACE Market of Bursa Securities.
- Acted as the issuer’s counsel and advised on the IPO in conjunction with the listing of a company involved in providing market access and coverage of consumer-packaged goods where the company is involved in the distribution and warehousing of third-party brands as well as its own brands of products on the ACE Market of Bursa Securities.
- Advised the Malaysian public listed companies in connection with the issuance of securities by the public listed companies including but not limited to the rights issue with warrants attached and bonus issue exercises.
- Advised on the issuance of unrated medium term notes of RM 100 million in nominal value by a public company listed on Main Market of Bursa Malaysia Securities Berhad, principally engaged in manufacturing and trading of confectionery and other related foodstuffs.
- Advised the Malaysian public listed companies in connection with the establishment of the employee’s share issuance scheme.
- Advised on the issuance of the commercial papers under the Islamic commercial papers programme of up to RM 150 million in nominal value under the Shariah principle of Mudharabah by a public company listed on Main Market of Bursa Malaysia Securities Berhad, principally engaged in property development, investment holding, joint venture for property development, money lending business, provision of management services and general construction contractor.
Mergers & Acquisitions and Corporate & Commercial
- Advised Sime Darby Property Berhad on its acquisition of 3 parcels of freehold lands all located in Mukim Kapar, District of Klang, State of Selangor for a cash consideration of RM618.0 million from its related party. Drafted and prepared the relevant announcements and/or circular to shareholders for related party transaction.
- Acted for AME REIT for the acquisitions of 4 parcels of properties in Johor from its related parties for the purchase consideration of RM119.45 million.
- Acted for AME REIT for the acquisitions of 3 parcels of properties in Johor from its related parties for the purchase consideration of RM100.80 million.
- Advised a Singapore private company in connection with the take-over and mergers exercise, including compulsory acquisition of a leading local automotive battery manufacturer in Malaysia.
- Advised a public company listed on Main Market of Bursa Malaysia Securities Berhad on its acquisition of a group of companies principally engaged in property investment and development activities.
- Advised in few separate transactions, a wholly owned subsidiary of a public company listed on ACE Market of Bursa Malaysia Securities Berhad, principally engaged in the electronic payments industry in Malaysia, in connection with its respective acquisitions of a few Malaysian private companies involved in the related businesses.
- Advised a Malaysian private company on the acquisition of the insurance broker business.
- Acted for a Malaysian private company for the disposal of a parcel of leasehold industrial land in Bandar Shah Alam, Selangor.
- Acted for a wholly owned subsidiary of a public company listed on Main Market of Bursa Malaysia Securities Berhad, for a wholly owned subsidiary of a public company listed on Main Market of Bursa Malaysia Securities Berhad, for the disposal of a parcel of industrial land in Bandar Nilai Utama, Negeri Sembilan.
- Acted for a wholly owned subsidiary of a public company listed on Main Market of Bursa Malaysia Securities Berhad, for the acquisitions of lands in Selangor, Kedah and Pulau Pinang, respectively, from the related parties.
- Acted for an indirect wholly owned subsidiary of a public company listed on Main Market of Bursa Malaysia Securities Berhad, for the disposal of three parcels of adjoining lands.
MEMBERSHIPS / DIRECTORSHIPS
- Member, Malaysian Bar
