Acting for China Hongxing Sports Limited, a company listed on the Mainboard of the Singapore Exchange Securities Trading Limited, in respect of the proposed disposal of the entire issued and paid-up capital of its wholly-owned subsidiary, Profitstart Group Limited, to Jiayao Investments Limited for an aggregate consideration of RMB100,000,000 as a major transaction and interested person transaction.
Hong Sun Development Group Limited
Acting for Hong Sun Development Group Limited in the sale of its 15% interest (at a sale consideration of RMB190 million) in a company incorporated in the People’s Republic of China (the “PRC Company”). The PRC Company in turn holds the entire interest of a commercial building in Chongqing to a purchaser which is a sponsor of a real estate investment trust.
Advised AsiaPhos Limited, a public limited company listed on the Mainboard of the Singapore Exchange Securities Trading Limited, (the “Company” and together with its subsidiaries, the “Group”) on its internal restructuring exercise. The internal restructuring exercise was undertaken for the purposes of reorganising, streamlining and expanding the Group’s downstream business segment in China.
Eleos Web Pte Ltd
Advised Eleos Web Pte Ltd and its wholly-owned subsidiary, Octopus Retail Management Pte Ltd (the “Company”) in respect of a S$3 million investment by M1 Telinet Pte Ltd (a wholly-owned subsidiary of M1 Limited), through a subscription of new shares in the Company.
Stratech Systems Limited
Advising a public limited company listed on the Mainboard of the Singapore Exchange Securities Trading Limited in relation to its renounceable non-underwritten rights cum warrants issue including the application for a whitewash waiver from the Securities Industry Council of Singapore.
Falcon Energy Group Limited
Acting for Falcon Energy Group Limited, a company listed on the Mainboard of the Singapore Exchange Securities Trading Limited, in preparing the letter to shareholders to obtain shareholders’ approval for the disposal of 21.83% of the shareholding in CH Offshore Ltd at a sale price of approximately S$20 million.
Haitong International Securities (Singapore) Pte. Ltd.
Acting for Haitong International Securities (Singapore) Pte. Ltd. in relation to the issuance of notes at a total value of US$40 million by a company incorporated in the British Virgin Islands.
Singapore Estate Agents Association
Acting for Singapore Estate Agents Association in its agreement on its real estate digitisation and transformation map for the development of software and provision of hardware.
Union Gas Holdings Limited
Acting for Union Gas Holdings Limited, a company listed on the Catalist of the Singapore Exchange Securities Trading Limited in its proposed acquisition of certain assets from Union Energy Corporation Pte. Ltd. as interested person transaction(s).
Cedar Strategic Holdings Ltd
Fortis Law advised the requisitioning shareholders in the requisitioning of an extraordinary general meeting in relation to the proposed removal of existing directors (“Existing Directors”) and the proposed appointment of new directors (the “EGM”) to the board of Cedar Strategic Holdings Ltd. (the “Company”). Notice of the EGM was given on 11 June 2015 (the “Notice”) and the EGM was scheduled on 10 July 2015. Following the Notice, the Existing Directors of the Company resigned on 26 June 2015 and Mr. Christopher Chong, Mr. Tan Thiam Hee and Mr. Peter Tan were appointed to the board of directors of the Company on 24 June 2015. The requisition for the EGM was subsequently withdrawn on 29 June 2015.
Triton Investments No. 8 LLP
Fortis Law is acting in a mandatory general offer by Triton Investments No. 8 LLP (“Triton No. 8”) of Jasper Investments Limited (“JIL”), a company listed on the Mainboard of the Singapore Exchange. The mandatory offer was triggered by Triton No. 8’s acquisition of 3,415,218,035 shares representing approximately 80.77% of the issued share capital of JIL. The acquisition was pursuant to a sale and purchase agreement entered into between Morton Bay (Holdings) Pte. Ltd. and Triton No. 8. The unconditional mandatory cash offer was first announced on the website of the Singapore Exchange on 18 September 2015.
Chin Bay Ching
Fortis Law advised Mr. Chin Bay Ching (“Mr. Chin”) in the subscription agreement with Adventus Holdings Limited (the “Company”), pursuant to which Mr . Chin subscribed for an aggregate of 875,000,000 new ordinary shares in the capital of the Company representing approximately 51.47% of the enlarged share capital of the Company. The subscription triggered the mandatory general offer which was first announced on 26 November 2013. The mandatory offer closed on 23 April 2014 and as a result of the valid acceptances, Mr. Chin’s shareholding increased to an aggregate of 880,070,480 Shares, representing approximately 51.77% of the total number of Shares.
Sante Fe Group Limited
Acted as Singapore counsel for Santa Fe Group A/S in respect of the divestment of its records management business to Iron Mountain Information Management, LLC for EUR 27.1 million.
Far East Group Limited
Advised a company listed on the Catalist of the SGX-ST in its proposed acquisition (at a purchase consideration exceeding S$20 million) and partial lease back of an industrial building and sale of its existing industrial building (at a sale consideration exceeding S$3 million) as part of the company’s plans to optimise its operations.
Blumont Group Ltd
Advising Blumont Group Ltd., a company listed on the Mainboard of the Singapore Exchange Securities Trading Limited, in respect of the proposed acquisition of a group of companies engaged in the hospitality and food and beverage industries, as a major transaction. Soh Chun Bin, Director and Head of the Corporate Finance and Corporate Commercial Practice Group is leading the team advising on the transaction.
Kai Square Pte Ltd
Advised a company in the business of providing video analytics services in respect of the divestment of its assets to a telecommunications group for S$7.3 million.
Novena Global Healthcare Group
Acting as Singapore counsel for a group in the business of inter alia, providing medical aesthetic services and manufacturing and distributing skincare products, in respect of its proposed listing on the Taipei Exchange.
Red Dot Payment Pte Ltd
Advised a company in the business of online payment solutions in respect of its US$3.25 million Series B financing.
Serial System International Pte. Ltd.
Fortis Law advised in the acquisition of 21% equity interests in the Tong Chiang group of companies (the “Tong Chiang Group”) by Serial System International Pte. Ltd. (“Serial System International”), a wholly-owned subsidiary of Serial System Ltd. The acquisition was pursuant to a sale and purchase agreement entered into between Lisa Zou (founder of the Tong Chiang Group); Serial System International and Dr . Derek Goh Bak Heng, chairman and CEO of Serial System Ltd. The Tong Chiang Group is in the business of food manufacturing and food catering.
As part of the deal, Fortis Law also advised on the restructuring of the 17 companies in the Tong Chiang Group. Upon completion of the restructuring exercise, all the businesses, assets and contracts of the Tong Chiang Group will be consolidated under Tong Chiang Group Pte. Ltd.