Mergers & Acquisitions – Experience

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Major Corporate/Mergers & Acquisition transactions successfully completed by our firm include the following:

  • Advised Khazanah Nasional Berhad on the reorganization of its insurance and financial holding companies under the Financial Services Act 2013 and the Islamic Financial Services Act 2013.
  • Advised Danajamin Nasional Berhad on the reorganization of its financial guarantee and investment companies under the Financial Services Act 2013 and the Islamic Financial Services Act 2013.
  • Advised Bank Negara Malaysia on the setting up of The International Islamic Liquidity Management Corporation (IILM), an international institution established by central banks, monetary authorities and multilateral organisations namely the central banks and monetary agency of Indonesia, Kuwait, Luxembourg, Malaysia, Mauritius, Nigeria, Qatar, Turkey, the United Arab Emirates and the Islamic Development Bank, to create and issue short-term Shari’ah-compliant financial instruments to facilitate effective cross-border Islamic liquidity management.
  • Advised Asian Plantations Limited, a Singapore-incorporated major Sarawak oil palm plantation company listed on the London Stock Exchange’s Alternative Investment Market and its controlling shareholders on the GBP120 Million (RM628 million) takeover by Felda Global Ventures Holdings Berhad, a Malaysian Government linked company listed on the Main Market of the Malaysian Stock Exchange.
  • Advised SapuraKencana Petroleum Berhad, a major Malaysian oil and gas services company listed on the Main Market of the Malaysian Stock Exchange, on the US$2.9 billion merger of its tender rig businesses and the tender rig businesses of Norwegian deepwater driller Seadrill Ltd, one of the largest tender rig companies in the world listed on the Oslo and New York Stock Exchanges. This deal made SapuraKencana to become the world’s largest operator of tender rigs (Asian Legal Business M&A Deal of the Year Award 2013).
  • Advised Qatar Islamic Bank, the world’s largest Islamic Bank on the proposed sale of a controlling stake in Asian Finance Bank.
  • Advised Genting Energy, a division of Genting Group, one of the largest and leading Malaysian-owned multinational corporation on its RM3 billion bid for the Prai Power Plant II.
  • Advised Genting Sanyen Power Sdn Bhd, a subsidiary of Genting Berhad, one of the largest and leading Malaysian-owned multinational corporation on its RM1.5 billion bid for the Kuala Langat Power Plant extension.
  • Advised SapuraKencana Petroleum Berhad on the proposed acquisition by its Bahamian incorporated subsidiary of the entire issued and outstanding common shares of Newfield Malaysia Holding Inc for a total purchase price of US$898 million in respect of compliance with the listing requirements of the Main Market of the Malaysian Stock Exchange and the existing financing documents.
  • Advised Malaysian Phosphate Addictives Sdn. Bhd. on its RM500 Million joint venture with Cahaya Mata Sarawak Berhad, a Sarawak State Government linked company listed on the Main Market of the Malaysian Stock Exchange for the setting up and financing of manufacturing plants in Samalaju Industrial Park for the manufacture of Yellow Phosphorus, Technical grade and Food grade phosphoric acid, Coke, Ammonia, and Technical grade, Merchant grade and Fertilizer grade phosphorus and other related products.
  • Advised Pacific Century Group, a major Asia-based private investment group with interests in technology, media and telecommunications, financial services, infrastructure, property and other investments mainly in the Asia-Pacific region on its bid for the acquisition of the Malaysian AmLife and AmTakaful insurance groups.
  • Advised the State Government of Sarawak on the merger of hi-tech wafer maker and digital mixed-signal integrated circuits maker, 1st Silicon (Malaysia) Sdn. Bhd. with X-FAB Semiconductor Foundries AG of Germany, and the restructuring of the debts of US$1 billion in 1st Silicon (Malaysia) Sdn. Bhd.
  • Advised Sungei Wang Group, a major Malaysian investment group on the acquisition of Ikhlas al-Dain Sdn Bhd a factoring and money lending company.
  • Advised Melewar Industrial Group Berhad and Affin Investment Bank Berhad, a company listed on the Main Market of the Malaysian stock exchange on its proposed group restructuring and proposed disposal of Melewar Steel Tube Sdn Bhd and other assets of its steel division.
  • Advised Kenanga Investment Bank Berhad and the MClean Group on its cross-border restructuring of its group companies in China, Singapore, Thailand and Malaysia and the listing of MClean Berhad on the ACE Market of the Malaysian stock exchange.
  • Advised Nord Anglia Education Ltd, a UK education company in its proposed joint venture with Khazanah Nasional Berhad for the provision of educational services for the Malaysian Government Trust Schools Project under the Malaysian Government Economic Transformation Plan.
  • Advised Bintai Kinden Corporation Berhad, a company listed on the Main Market of the Malaysian stock exchange on its proposed reverse takeover of Singapore listed company Lereno Bio Chem Limited.
  • Advised SAM Engineering & Equipment (M) Berhad, a public company listed on the Main Market of the Malaysian stock exchange and a subsidiary of Singapore Aerospace Manufacturing and Temasek Holdings (Private) Limited on its restricted offer for sale.
  • Advised Nam Fatt Corporation Berhad, a company listed on the Malaysian stock exchange on its cross border joint venture and construction contracts with the Defence Housing Authority of Islamabad, Pakistan.
  • Advised Nam Fatt Corporation Berhad, a company listed on the Main Market of the Malaysian stock exchange and its restructuring advisers Public Investment Bank Berhad on a proposed debt restructuring and Section 176 scheme of compromise and arrangement between Nam Fatt Corporation Berhad, Nam Fatt Construction Sdn Bhd and Maddusalat Berhad with the scheme creditors and the proposed disposal by Nam Fatt Corporation Berhad of certain properties and lands owned by Nam Fatt group.
  • Advised Swee Joo Berhad, a company listed on the Main Market of the Malaysian stock exchange and its restructuring advisers Ernst & Young and Affin Investment Bank Berhad on a proposed debt restructuring and Section 176 scheme of compromise and arrangement between Swee Joo group with the scheme creditors, time charter party agreements of ships between its wholly owned subsidiary Johan Shipping and the Evergreen Line and the proposed divestment of certain non-performing/non-core assets owned by Swee Joo Berhad and its subsidiaries.
  • Advised M3nergy Berhad, a company listed on the Main Market of the Malaysian stock exchange and J. Fleming International Ltd on their disposal of Trenergy Infrastructure Sdn Bhd.
  • Advised POS Malaysia Berhad, a Malaysian Government linked company listed on the Main Market of the Malaysian stock exchange and the sole postal licence holder in Malaysia, on the setting up of an electronic money order program for South East Asia in conjunction with the postal authorities of Indonesia, Vietnam, Cambodia and Philippines.
  • Advised Bina Darulaman Berhad, Kedah State Government linked company listed on the Main Market of the Malaysian stock exchange on its private placement.
  • Advised Malaysian Electronic Payment System Sdn Bhd (MEPS) on its management review, legal review and drafting of the MEPS Rules and Regulations.
  • Advised Kuwait Finance House on the restructuring of the financing of its clients.
  • Advised HwangDBS Investment Bank Berhad on the employee share option and share schemes of Efficient e-Solutions Berhad, a company listed on the Main Market of the Malaysian stock exchange.
  • Advised the controlling shareholders on the reverse takeover of Aikbee Resources Berhad a property development company listed on the Main Market of the Malaysian stock exchange via an exit offer.
  • Advised Federal Paints Holdings Berhad on its proposed listing on the Main Market of the Malaysian stock exchange and its proposed group restructuring and acquisitions involving Korean and Malaysian companies.
  • Advised CIMB Bank Berhad, one of the largest Malaysian banks on its joint venture with Paypal.
  • Advised GPL Remittance on the acquisition of a remittance company in Malaysia and related restructuring.
  • Advised Nitto Denko Corporation Japan on the sale of its subsidiary Nitto Denko Electronics Malaysia Sdn Bhd.
  • Advised Sapura Resources Berhad on the acquisition of two aviation companies DNest Aviation Services Sdn. Bhd. and DNest Aviation Training Centre Sdn. Bhd. with MRO hangars and facilities at Subang International Airport.
  • Advised OTEC Kemajuan Sdn. Bhd. in the disposal by Rolls-Royce Overseas Holdings Limited of Rolls-Royce’s stake in Advance Gas Turbines Solutions Sdn. Bhd. (a Rolls-Royce and OTEC JV company) in connection with the global disposal of Rolls-Royce’s oil and gas business.
  • Advised SapuraCrest Petroleum Berhad on its RM1 Billion cross border joint venture with Acergy Ms Limited for the deep water dynamically positioned pipe laying derrick vessel Sapura 3000 and the disposal of interest in a Labuan offshore special purpose subsidiary Sapura Acergy Assets Pte. Ltd. to joint venture partner Acergy MS Limited.
  • Advised Aviva PLC on the RM1.8 billion (CAD586 million) disposal of Aviva International Holdings Limited’s equity interests in CIMB Aviva Takaful Berhad and CIMB Aviva Assurance Berhad to Sun Life Assurance Company of Canada.
  • Advised Growth Capital Partners LLP on private equity fund acquisitions and securitization of a Malaysian oil and gas entity.
  • Advised Hong Leong Bank Berhad, a major Malaysian bank on the acquisition of the assets and liabilities of EON Capital Berhad, a major Malaysian financial institution.
  • Advised a foreign bidder in its bid for the Makro Supermarket businesses in Malaysia.
  • Advised SapuraKencana Petroleum Berhad on the restructuring exercise of Sapura Acergy Assets Pte. Ltd. with joint venture partner Acergy MS Limited and the reflagging exercise of Sapura 3000 from Bahamas Maritime Authority to Labuan Malaysian International Ship Registry.
  • Advised Sapura Group on its RM10 Billion first Malaysian Government telecommunications private finance initiative (PFI) funded concession and privatisation project for a nationwide government integrated radio network.
  • Advised Felda Berhad on a proposed bio-diesel joint venture and EPCC Contract.
  • Advised Pfizer Inc. as Malaysian counsel on its US$15.9 Billion world-wide disposal of its consumer health business.
  • Advised Pfizer Inc. as Malaysian counsel on its US$450 million world wide disposal of its surgical ophthalmic business.
  • Advised MMC Corporation Berhad, a multinational company listed on the Main Market of the Malaysian Stock Exchange on its RM9.3 Billion takeover of Malakoff Berhad, a company listed on the Main Market of the Malaysian Stock Exchange and the largest independent power producer in Malaysia.
  • Advised IJM Corporation Berhad, one of the largest Malaysian construction and infrastructure company listed on the Main Market of the Malaysian stock exchange on its RM5.6 Billion takeover of Road Builder Holdings Berhad, a large infrastructure and property development company listed on the Main Market of the Malaysian Stock Exchange.
  • Advised KNM Group Berhad, a major oil and gas process equipment company listed on the Main Market of the Malaysian stock exchange on its AED200 Million cross-border acquisition of FBM-Hudson FZCO, Jebel Ali, Dubai, a subsidiary of one of the world’s largest process equipment manufacturers.
  • Advised KNM Group Berhad, a major oil and gas process equipment company listed on the Main Market of the Malaysian stock exchange on its €100 Million cross-border acquisition of FBM-Hudson Italiana SpA, Italy, a subsidiary of one of the world’s largest process equipment manufacturers.
  • Advised MTD Capital Berhad, a major Malaysian infrastructure company on its RM150 Million cross-border acquisition of Cigading Port Indonesia special purpose vehicle.
  • Advised Eastman Kodak Company as Malaysian counsel on its US$2.4 Billion world-wide disposal of its health business.
  • Advised Barings Private Equity on its RM500 Million Cross-border Multi-Jurisdictions Reverse Takeover of Malaysian listed Courts Mammoth Berhad, Courts (Singapore) Limited, Courts Mammoth Philippines and listed Courts Plc, UK.
  • Advised Genting Plantations Berhad on its cross-border joint venture with Simon Property Group US to develop, construct, manage, operate and lease outlet malls selling premium brand apparel and general merchandise in Iskandar Development Region Malaysia under the brand of Johor Premium Outlets.
  • Advised Genting Plantations Berhad on its cross-border group restructuring of the joint venture with Synthetic Genomics, Inc for the research and development relating to the use of genomics-based techniques, methods and tools to increase of yields from subject plants and the subscription of new redeemable preference shares as further investments by Genting Plantations Berhad.
  • Advised Multi Purpose Holdings Berhad, a financial institutions holding company listed on the Main Market of the Malaysian stock exchange on its RM1.5 Billion acquisition of Magnum Corporation Berhad, a gaming company listed on the Main Market of the Malaysian stock exchange.
  • Advised Qatar Investment Agency and its wholly owned investment holding company Qatar Holdings LLC on the funding structures, tax issues and Malaysian legal requirements for its Malaysian subsidiaries and associated companies.
  • Advised Goldman Sachs LLC on the setting up of Goldman Sachs (Labuan) Investment Bank Limited.
  • Advised Computer Systems Advisers (M) Berhad, a company listed on the Main Market of the Malaysian stock exchange on the hostile takeover by CSC Computer Sciences Inc.
  • Advised Computer Systems Advisers (M) Berhad, a company listed on the Main Market of the Malaysian stock exchange on its privatisation.
  • Advised the Health Trend and Astique Group of Singapore and Hong Kong and Medi Innovation Group on its RM280 Million cross border mergers and acquisitions between the Health Trend and Astique Group of Singapore and Hong Kong and Medi Innovation Group of Malaysia and on the related group restructuring and the issuance of redeemable convertible loan stocks and preference shares issues to fund the mergers and acquisitions.
  • Advised Showa Rubber Co Ltd., one of the world’s leading companies in rubber manufacturing and Japan’s oldest company listed on the Tokyo Stock Exchange on its RM200 Million cross border acquisition of Toyo Rubber Malaysia.
  • Advised Singapore Aerospace Manufacturing Pte. Ltd., a subsidiary of Temasek Holdings, a Singapore Government sovereign fund company, on its cross-border acquisition of Upeca Aerotech Sdn. Bhd.
  • Advised Singapore Precision Engineering Ltd. a wholly-owned unit of Singapore Aerospace Manufacturing Pte. Ltd. (both subsidiaries of Temasek Holdings, a Singapore Government sovereign fund company) on its cross-border takeover of LKT Industrial Berhad, a company listed on the Main Market of the Malaysian stock exchange and its Malaysian, Singapore and Thai subsidiaries.
  • Advised UMW Corporation Sdn. Bhd, a wholly-owned unit of UMW Holdings Berhad, one of the largest automotive company listed on the Malaysian stock exchange on its acquisition of Coldfusion Engineering Sdn. Bhd.
  • Advised Lotte Co. Ltd. Japan, one of the world’s largest confectionary company on its RM150 Million, cross-border acquisition and joint venture with Lotte Confectionery Co. Ltd. Korea in respect of Lotte (Malaysia) Sdn. Bhd.
  • Advised Singapore Aerospace Manufacturing Pte. Ltd. and Singapore Precision Engineering Ltd. (both wholly owned subsidiaries of Temasek Holdings, a Singapore Government sovereign fund company) on the cross-border privatisation and exit offer of LKT Industrial Berhad, a precision aircraft parts manufacturing company listed on the Main Market of the Malaysian stock exchange.
  • Advised Sapura Group, a Malaysian multinational company on its group companies restructuring and the privatisation of listed Sapura Technology Berhad.
  • Advised the consortium of Microlink Solutions Berhad and Amcorp Group Berhad, companies listed on the ACE and Main Market respectively of the Malaysian stock exchange on the cross border joint bid and proposed joint venture in respect of CSC Automated Pte. Ltd. Singapore and the Enterprise Solutions & Integration business of CSC Malaysia Sdn. Bhd.
  • Advised Microlink Solutions Berhad, a company listed on the ACE Market of the Malaysian stock exchange on its joint venture with Computer Associates Inc.
  • Advised Press Metal Berhad, a major Malaysian company listed on the Main Market of the Malaysian stock exchange on the incorporation of its Indonesian subsidiary and the licensing of its bauxite refinery in Indonesia.
  • Advised Jerneh Insurance Berhad on its acquisition of the entire issued and paid up share capital of Paramount Assurance Berhad and merger of the general insurance businesses of Jerneh Insurance Berhad and Paramount Assurance Berhad.
  • Advised BSN Merchant Bank Berhad on its merger with Perwira Affin Merchant Bank Berhad.
  • Advised Hong Leong Bank Berhad on its merger with Credit Corporation (M) Bhd.
  • Advised eXair Communications Inc., a dual-listed company in the US and Germany on its proposed RM100 Million cross-border reverse takeover of E-Gal Holdings Limited.