Allen & Gledhill has advised Medco Energi Internasional, through its indirectly wholly-owned Singapore-incorporated subsidiary Medco Cypress Tree, on the issue of US$400 million 8.625 percent senior notes due 2030. The notes are guaranteed by Medco and certain subsidiaries. Partner Glenn David Foo led the firm’s team in the transaction. AZB & Partners has advised Citigroup Global Markets India and Goldman Sachs (India) Securities on the approximately Rs129.4 billion (US$1.5b) sale of 2.50 percent stake by Tobacco Manufacturers (India) in ITC. Partners Varoon Chandra, Lionel D’Almeida and Rahul Aggarwal led the firm’s team in the transaction, which was completed on May 29, 2025. AZB & Partners has also advised Roppen Transportation Services (Rapido) on the approximately Rs1.25 billion (US$14.6m) acquisition of stake in Rapido by Nexus Ventures VII Holdings. Partners Srinath Dasari and Nanditha Gopal led the firm’s team in the transaction, which was completed on June 18, 2025. Moreover, AZB & Partners is advising InCred Techinvest on its acquisition of a significant stake in South Asia Stocks. Partner Anand Shah is leading the firm’s team in the transaction, which was signed on June 14, 2025 and is yet to be completed. Clifford Chance has advised artificial intelligence company Unisound AI Technology on its IPO and listing in Hong Kong. Unisound provides AI and speech recognition solutions, which are built on its proprietary central technology platform “UniBrain”, and serves as the foundation of a wide range of applications, from intelligent customer service, healthcare diagnostics to multilingual conversational assistants. Partners Fang Liu and Tianning Xiang led the firm’s team in the transaction. Clifford Chance has also advised CITIC Securities (Hong Kong)...

Allen & Gledhill has advised DBS Bank, Oversea-Chinese Banking Corporation and United Overseas Bank, as the joint lead managers, on the issue of S$220 million (US$170m) 4.40 percent notes due 2030 by Hotel Properties, under its S$1 billion (US$775m) multicurrency debt issuance programme. Partners Margaret Chin and Sunit Chhabra led the firm’s team in the transaction. Allen & Gledhill is also advising PEC on its S$215 million (US$167m) proposed privatization via a scheme of arrangement, through the acquisition of all of the shares in PEC by Alliance Energy Services. The firm is also advising PEC’s key management personnel, who have entered into management reinvestment arrangements with Alliance, as well as certain PEC shareholders, who have given irrevocable undertakings to Alliance, in respect of the scheme. Partners Christopher Koh, Zhao Jiawei and Wong Yi Jia led the firm’s team in the transaction. Baker McKenzie and Chinese law firm FenXun, through the joint operation platform Baker McKenzie FenXun, have advised Tencent Music Entertainment Group on a definitive merger agreement for its proposed acquisition of a 100 percent stake in Ximalaya, one of the leading online audio platforms in China. The transaction consideration includes US$1.26 billion in cash, along with Class A ordinary shares not exceeding 5.1986 percent of Tencent Music’s total issued and outstanding shares. Additional Class A ordinary shares not exceeding 0.37 percent of the company’s total shares will be issued to Ximalaya’s founder shareholders, subject to the terms of the merger agreement. Upon closing of the transaction, Ximalaya will become a wholly-owned subsidiary of Tencent Music. Fen Xun partner Hong Zhang (Shanghai), supported by FenXun partner Luis Zhang (Shanghai) and Baker McKenzie US...

Allen & Gledhill has advised Oversea-Chinese Banking Corporation, as the lead manager, on the issue of S$260 million (US$203m) 4.20 percent subordinated perpetual securities by DBS Trustee, as trustee of CapitaLand Ascott Real Estate Investment Trust. Partners Margaret Chin and Sunit Chhabra led the firm’s team in the transaction. Allen & Gledhill has also advised PSA Treasury and PSA International on the issue of offshore Rmb1.25 billion (US$174m) 2.70 percent guaranteed notes due 2035, under their US$5 billion global medium term note programme. The notes are unconditionally and irrevocably guaranteed by PSA International. This was PSA International’s inaugural issue of offshore Rmb-denominated notes. Partners Tan Tze Gay, Wu Zhaoqi and Sunit Chhabra led the firm’s team in the transaction. Moreover, Allen & Gledhill has advised venture capital firm Openspace Ventures on leading the US$3 million pre-Series A funding round in Every Half Coffee Roasters, a Vietnamese specialty coffee chain and roaster. Partner Julian Ho led the firm’s team in the transaction. Clifford Chance has advised MEC Global Partners Asia on its structuring and acquisition of a minority interest in 180 George Street, Sydney NSW (Sydney Place). Partner Philip Podzebenko, supported by partners Kai-Niklas Schneider and Chloe Cheng on Singapore structuring, led the firm’s team in the transaction. JSA has advised Prana Ventures on its investment in the US$19 million Series A2 and Series B1 funding rounds of Cloudsek Research, a company specialising in AI-driven threat prediction and intelligence solutions. Founded in 2015, CloudSEK aims to build a safer digital future by proactively predicting and mitigating cyber threats. CloudSEK  will deploy the capital raised through these rounds to fuel its...

Allen & Gledhill has advised ST Engineering RHQ (STE UK-Co) and Singapore Technologies Engineering (ST Engineering) on the issue of US$750 million 4.25 percent notes due 2030, under their S$5 billion (US$3.88b) global medium term note programme. The notes are unconditionally and irrevocably guaranteed by ST Engineering. The net proceeds raised from the issue of the notes will be used by STE UK-Co to refinance existing borrowings. Partners Tan Tze Gay, Bernie Lee, Sunit Chhabra and Daren Shiau led the firm’s team in the transaction. Allen & Gledhill has also advised Deutsche Bank Singapore Branch on the S$400 million (US$311m) term loan facility to Lyon Investments. The facility will be used to finance the general offer and privatisation of Sinarmas Land. Partners Lim Wei Ting, Andy Chee and Lee Kee Yeng led the firm’s team in the transaction. Moreover, Allen & Gledhill has advised GLP on the issue of US$300 million 9.75 percent senior notes due 2028, under its US$5 billion euro medium term note programme. This is the fifth series of notes issued under the programme. The net proceeds raised from the issue of the notes will be used to partially finance the redemption of GLP’s outstanding US$1 billion 3.875 percent senior notes due 2025. Partners Bernie Lee and Sunit Chhabra led the firm’s team in the transaction. AZB & Partners has advised Internet Fund VII, a fund managed by Tiger Global Management, on its Rs10.9 billion (US$128m) acquisition of stake, along with other acquirers, in Valuedrive Technologies (Spinny). Partners Ashwath Rau and Jasmin Karkhanis led the firm’s team in the transaction, which was completed on April 2, 2025. AZB...

AZB & Partners has advised Connedit Business Solutions on the Rs3.5 billion (US$41m) acquisition of more than five percent stake in Connedit Business by Catterton Management and DSG Consumer Partners. Partners Hardeep Sachdeva, Priyamvada Shenoy and Shivang Sargoch led the firm’s team in the transaction, which was completed on May 8, 2025. AZB & Partners is also advising United Co Rusal OAO on its Rs20.7 billion (US$242m) acquisition of stake in Pioneer Aluminium Industries from Penna Cement Industries and Rescom Holdings. Partners Hardeep Sachdeva, Priyamvada Shenoy and Kamal Shanka are leading the firm’s team in the transaction, which was signed on March 13, 2025 and is yet to be completed. Moreover, AZB & Partners is advising KKR & Co on its Rs264 billion (US$3.1b) acquisition of OSTTRA Group from S&P Global and CME Group. Partners Darshika Kothari and Kunal Kumbhat are leading the firm’s team in the transaction, which was signed on April 12, 2025 and is yet to be completed. Clifford Chance has advised Hong Kong’s leading Exchange Traded Funds (ETF) provider Premia Partners on the successful launch and listing of Premia BOCHK Saudi Arabia Government Sukuk ETF in Hong Kong. The Premia BOCHK Saudi Arabia Government Sukuk ETF is Asia’s first investment-grade government Sukuk ETF. It provides investors with access to Saudi Arabia’s capital markets via Saudi Riyal-denominated Saudi-listed Sukuk securities issued by the government of the Kingdom of Saudi Arabia and US Dollar-denominated Sukuk issued by the KSA government and agencies issuers. Partner Rocky Mui led the firm’s team in the transaction. Clifford Chance has also advised Pemba Capital Partners on the acquisition of Hunter Premium Funding,...