Allen & Gledhill is advising CapitaRetail China Fund Management Pte Ltd (CCFM), as manager of CapitaMalls China Income Fund (CCIF), in respect of CCFM’s offer of up to 300 million units constituting undivided interests in CCIF at an offer price of US$1.00 per unit to the unitholders of CCIF. This will, inter alia, fund the Jinniu Mall and Fucheng Mall Phase II Developments and the acquisition of Longzhimeng Hongkou. The size of the fund may be further increased by up to US$300 million. Partners Jerry Koh and Long Pee Hua are leading the transaction. Allen & Gledhill is also advising CitySpring Infrastructure Management Pte Ltd, as trustee-manager of CitySpring Infrastructure Trust (CSIT), in respect of CSIT’s S$210.2 million (US$171.2m) rights issue. Temasek Holdings (Private Ltd), through its wholly-owned subsidiary Bartley Investments Pte Ltd, undertook to subscribe to 85 per cent of the rights issue whilst the remaining 15 per cent will be underwritten by DBS Bank Ltd, Goldman Sachs (Singapore) Pte and Morgan Stanley Asia (Singapore) Pte. Partners Prawiro Widjaja and Bernie Lee are leading the transaction. Advising Temasek Holdings (Private Ltd) are partners Lim Mei, Sharon Wee, Lee Kee Yeng and Lynn Ho. Allens Arthur Robinson has advised public infrastructure investor, developer and operator Plenary Group in respect of a public-private partnership project to deliver Defence Force accommodation at 14 military bases across Australia. The firm advised on its contractual and financial arrangements for Phase 2 of the Department of Defence’s A$900 million (US$962m) Single LEAP project. The agreements were concluded on 28 June 2011. Plenary Group has partnered with a consortium of regional construction firms and ESS...

Allen & Gledhill has advised Brookvale Investments Pte Ltd in respect of its acquisition of all the issued ordinary shares in the capital of Allgreen Properties Ltd (Allgreen) by way of a voluntary conditional cash offer at an offer price of S$1.60 (US$1.30) in cash per share to all Allgreen shareholders who accept the offer. The deal is valued at approximately S$2.54 billion (US$2.06b). Partners Lim Mei, Hilary Low and Lynn Ho led the transaction. Allen & Gledhill has also provided Singapore law advice for DBS Bank Ltd as the manager and underwriter in respect of Spice i2i Ltd’s recently completed fully underwritten one-for-one renounceable rights issue to raise gross proceeds of approximately S$150.8 million (US$122.4m). Partner Leonard Ching led the transaction. In addition, Allen & Gledhill has provided Singapore law advice for Standard Chartered Bank as the lead manager and dealer in respect of Overseas Union Enterprise Ltd’s issue of S$300 million (US$243.5m) in aggregate principal amount of 4.3 per cent unsecured fixed rate notes due 2014 under its S$1 billion (US$812m) multicurrency medium term note programme. The notes have been listed on the SGX ST. Partners Margaret Chin and Daselin Ang led the transaction. Finally, Allen & Gledhill has advised M&C REIT Management Ltd (M&C REIT), as manager of CDL Hospitality Real Estate Investment Trust, in respect of its acquisition of Studio M Hotel Singapore for S$154 million (US$125m) from Republic Iconic Hotel Pte Ltd. M&C REIT also announced a master lease of Studio M Hotel Singapore to the vendor immediately upon the completion of the acquisition. Partners Jerry Koh, Ho Kin San and Chua Bor Jern...

Allens Arthur Robinson is advising leading international gold company Newcrest Mining Ltd in respect of the sale of its interests in the Cracow and Mt Rawdon gold mines in Queensland to a new company to be formed by the merger of ASX-listed gold companies Catalpa Resources Ltd and Conquest Mining Ltd. Under the proposed transaction, Catalpa and Conquest will merge by way of a scheme of arrangement. Newcrest will sell its 70 percent interest in the Cracow gold mine and its 100 percent interest in the Mt Rawdon gold mine to the new merged entity and, in return, will receive 38 percent of the shares in the new company (diluted to 33 percent upon completion of a proposed rights issue by the new company). Partners Jon Webster and Ted Hill led the transaction. Allens Arthur Robinson has also advised Western Australia-based not-for-profit health fund HBF in respect of the sale of its general insurance business to CGU. The deal was announced on 14 June 2011. HBF has more than 900,000 members. CGU is a division of IAG, Australia’s second-largest insurance group. Under the deal, HBF will move from manufacturing general insurance products to solely distributing them. CGU, with its advantages of scale, will provide the general insurance products. Partner Tim Lester led the transaction. CGU was advised by DLA Piper Australia. AZB & Partners has advised Matrix Partners India Investment Holdings LLC in respect of its approximately US$11 million investment in the shares of education services provider Maharana Infrastructure and Professional Services Private Ltd. Partner Abhijit Joshi led the transaction which was completed on 5 April 2011. AZB &...

Allen & Gledhill has provided Singapore law advice to Standard Chartered Bank as the arranger, dealer, issuing and paying agent, and to British and Malayan Trustees Ltd as the trustee in respect of Overseas Union Enterprise Ltd’s (OUE) establishment of a S$1 billion (US$807.3m) multicurrency medium term note programme. Under the program, OUE may from time to time issue multicurrency medium term notes in an aggregate principal amount outstanding at any one time not exceeding S$1 billion (US$807.3m). The programme is listed on the SGX-ST. Partners Margaret Chin and Daselin Ang led the transaction. Allens Arthur Robinson has advised Australian national broadband provider NBN Co Ltd in respect of its 10-year A$1.1 billion (US$1.06b) contract with Swedish networking giant Ericsson. Under the new deal which was announced on 1 June 2011, the two organisations will work together to roll out NBN’s planned 12Mbps wireless network to Australian premises that won’t be covered by the national fibre rollout. The rollout, covering Australians in rural and regional areas, is expected to be completed by 2015, with the first services to be available from the middle of 2012. Partner Niranjan Arasaratnam and special counsel John Dieckmann led the transaction. Allens Arthur Robinson is also advising Plenary Group and its GoldlinQ Consortium partners, Bombardier, Downer EDI, McConnell Dowell and Keolis, in respect of the A$1 billion (US$1.06b) first stage of the Gold Coast Rapid Transit project. The first stage of the light rail project involves a 13 kilometre stretch between Broadbeach and the Gold Coast University Hospital. The financing will include A$365 million (US$385.6m) of debt and A$65 million (US$68.7m) of equity. Partner...

Allen & Gledhill has advised Homeware Investment Holdings Ltd (Homeware), Decor Investment Holdings Ltd (Décor), Decorative Arts Holdings Ltd (Decorative Arts) and Citigroup Venture Capital International Ltd (adviser of the fund which manages Homeware, Décor and Decorative Arts), in respect of a voluntary conditional cash offer by Homeware, Decor, Decorative Arts and certain key shareholders of Passion Holdings Ltd for all the issued and paid-up ordinary shares in the capital of Passion Holdings Ltd. The total offer value is approximately S$101 million (US$82m). Partners Prawiro Widjaja, Song Su-Min and Lee Kee Yeng led the transaction. Allen & Gledhill has also advised Elad Group Singapore Pte Ltd in respect of its agreement with IOI Corporation Berhad for the sale and purchase of approximately 238.4 million ordinary shares in the capital of South Beach Consortium Pte Ltd. The transaction is valued at S$174.3 million (US$141.7m). Partners Richard Young, Tang Siau Yan and Chiam Tao Koon led the transaction. Allens Arthur Robinson has acted for Rio Tinto in respect of a joint venture arrangement with Aluminum Corporation of China (Chinalco) to explore mainland China for world-class mineral deposits. The arrangement, which was formalised on 1 June 2011, is subject to Chinese regulatory approvals. Once established, the joint venture will operate under the name Chinalco Rio Tinto Exploration Co, Ltd (CRTX). Under the joint venture arrangements, Chinalco will hold a 51 per cent interest in CRTX, with Rio Tinto holding the remaining 49 per cent. Partner Scott Langford led the transaction. Allens Arthur Robinson has also advised the State of Queensland in respect of the divestment of the X50 Abbot Point Coal Terminal,...