Jasselyn Seet is a Partner in the Firm’s Capital Markets and Mergers & Acquisitions Practice Group.
Her practice focuses mainly on equity capital markets transactions and mergers and acquisitions. She regularly advises issuers and underwriters on initial public offerings and listings, secondary listings and secondary fundraisings on the SGX-ST, as well as other recognised stock exchanges. She also advises issuers listed on the Main Board and the Catalist of the SGX-ST on their corporate actions, continuing obligations and compliance matters, as well as Singapore companies on general corporate and commercial matters.
Her experience includes advising both public and private companies in domestic and cross-border mergers and acquisitions transactions, such as acquisitions and divestments, investments and joint ventures.
EXPERIENCE
Capital Markets
- Acted for 17LIVE Inc. in its S$922.9 million first de-SPAC merger in Singapore involving the acquisition by Vertex Technology Acquisition Corporation Ltd (VTAC), a special purpose acquisition company (SPAC) listed on the SGX-ST. The resulting issuer, 17LIVE Group Limited, is trading on the Main Board of the SGX-ST, following the successful completion of the business combination
- Acted for Credit Suisse (Singapore) Limited and DBS Bank Ltd., the joint bookrunners and underwriters, in the initial public offering and listing of Novo Tellus Alpha Acquisition, a special purpose acquisition company (SPAC), on the Main Board of the SGX-ST.
- Acted for G.H.Y Culture & Media Holding Co., Limited in its initial public offering and listing on the Main Board of the SGX-ST. G.H.Y is the first company utilising a variable interest entity structure to be listed on the SGX-ST, with a market capitalisation of approximately S$708.7 million at listing.
- Acted for TSH Resources Berhad in its secondary listing on the Main Board of the SGX-ST, with a market capitalisation of approximately RM1.38 billion at listing. 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.
- Acted for Koufu Group Limited in its initial public offering and listing on the Main Board of the SGX-ST. Koufu is one of the most established and largest operators and managers of food courts and coffee shops in Singapore, with a market capitalisation of approximately S$350 million at listing.
- Acted for CLSA Singapore Pte Ltd, the issue manager, in the listing by introduction of Yangzijiang Financial Holding Ltd on the Main Board of the SGX-ST.
- Acted for Lum Chang Holdings Limited in the spin-off of its interior fit-out business and the initial public offering and listing of Lum Chang Creations Limited on the Catalist of the SGX-ST, with a market capitalisation of approximately S$78.8 million at listing.
- Acted for XM Studios Pte. Ltd. in its tokenised offering of exchangeable notes issued by its parent company, XM Holdco Pte. Ltd., on ADDX, a platform regulated by the Monetary Authority of Singapore to enable private market investing by accredited and institutional investors in unicorns, pre-IPO companies, hedge funds and other opportunities.
- Acted for issuers and underwriters in respect of several equity fund raisings, including a S$1.09 billion equity fund raising undertaken by Keppel DC REIT to finance its acquisition of two data centres and a S$300 million equity fund raising undertaken by CapitaLand Ascott Trust.
- Acted as Singapore counsel to Singapore companies in their overseas initial public offerings and listings in Hong Kong (HKEX Main Board and GEM) and in the United States (NYSE and NASDAQ).
Mergers & Acquisitions
- Acted for Spark 61 Pte. Ltd., a joint venture between Elevate Capital Pte. Ltd. and a wholly-owned subsidiary of PGIM Real Estate, in its S$132 million acquisition of the entire issued share capital of UIC Land Pte. Ltd., the registered proprietor of the property at 61 Stamford Road, Singapore 178892, known as Stamford Court.
- Acted for Sunseap Group Pte. Ltd. in the approximately S$1.1 billion sale of a 91% stake by certain shareholders to EDP Renewables (the world’s fourth-largest renewable energy producer). Sunseap is a Singapore-based renewable energy firm, and an established player in the solar energy industry in the Asia Pacific region with operations in various territories, including Vietnam, Cambodia, China, Taiwan, Japan, Thailand and Malaysia.
- Acted for Hywel Investments Ltd., as vendor, in the S$570 million sale of 100% shares of Universal Storage Pte. Ltd., the holding company of the region’s largest self-storage operator, Extra Space Asia, to a consortium comprising APG Asset Management N.V. and CapitaLand Investment Limited.
- Acted for Gaw Capital Partners in the approximately S$1.6 billion acquisition by a consortium, comprising Gaw Capital Partners and Allianz Real Estate, of DUO Tower and DUO Galleria, a mixed-use development in Singapore, via the purchase of all the shares in Ophir-Rochor Commercial, the owner of DUO Tower and DUO Galleria.
- Acted for NanoFilm Technologies International Limited in the S$140 million joint venture between NanoFilm and a wholly-owned subsidiary of Temasek Holdings (Private) Limited to undertake the hydrogen energy and hydrogen fuel cell business.
- Acted for Pluto Rising Pte. Ltd., as vendor, in the sale of a majority interest in Viz Branz Holdings Pte. Ltd. to a joint venture comprising Investcorp and Asia Food Growth Platform. Viz Branz is a Singapore-headquartered manufacturer and distributor of instant cereal and beverage brands across China and Southeast Asia.
PUBLICATIONS
- Co-Author, Singapore Chapter, Initial Public Offerings (2023), Lexology GTDT
- Co-Author, Singapore Chapter, Initial Public Offerings (2022), Lexology GTDT
- Co-Author, Singapore Chapter, Initial Public Offerings (2021), Lexology GTDT
- Co-Author, Empowering the Next Generation, The SME Magazine – The Business Times
