Allen & Gledhill has advised the joint global co-ordinators (composed of Citigroup Global Markets Singapore Pte Ltd, DBS Bank Ltd, Deutsche Bank AG Singapore Branch and Goldman Sachs (Singapore) Pte) and the joint bookrunners, issue managers and underwriters (composed of Citigroup Global Markets Singapore Pte Ltd, CIMB Bank Berhad Singapore Branch, DBS Bank Ltd, Deutsche Bank AG Singapore Branch and Goldman Sachs (Singapore) Pte) in respect of the S$982.6 million (US$794m) IPO of Mapletree Commercial Trust which was completed on 27 April 2011. Partners Jerry Koh, Ho Kin San, Chua Bor Jern, Ernest Teo, Serena Choo and Teh Hoe Yue led the transaction. Allen & Gledhill has also acted as Singapore counsel for Asia Pacific Breweries Ltd in respect of the sale and purchase agreement entered into by its associated company Heineken-APB (China) Pte Ltd (HAPBC) with GDH Ltd in respect of the sale of approximately 21.37 per cent of the issued share capital of Kingway Brewery Holdings Ltd to GDH Ltd for a total cash consideration of RMB 1.08 billion (US$165.7). Partner Christopher Koh led the transaction. Allens Arthur Robinson has acted for integrated property group Goodman Group in respect of the acquisition of Moorabbin Airport and Business Park in Victoria for A$201.5 million (US$213.88m). The completion of the acquisition was announced on 25 May 2011. The acquisition, via escrowed securities and vendor finance, provides Goodman Group with a strategic asset, offering immediate investment income and development opportunities in the proven land-constrained market of inner southeast Melbourne. Partner Stuart McCulloch led the transaction. AZB & Partners has advised Zend Mauritius VC Investments Ltd (a fund within the private...

Allen & Gledhill has advised Malayan Banking Berhad (Maybank) and its wholly-owned subsidiary Mayban IB Holdings Sdn Bhd (Mayban), in respect of their separate share purchase agreements with Ronald Anthony Ooi Thean Yat and Yuanta Securities Asia Financial Services Ltd for the acquisition of approximately 257.6 million shares in the capital of Kim Eng Holdings Limited (Kim Eng) for approximately S$800 million (US$641.5m). Mayban further acquired approximately 5.59 per cent of ordinary shares in Kim Eng from the market and, upon satisfaction of the key conditions of the share purchase agreements, made a mandatory unconditional cash offer for all the ordinary shares in the capital of Kim Eng, other than those shares already owned by Mayban, its related corporations and their respective nominees. The deal, valued at approximately S$1.8 billion (US$1.44b), was led by partners Lucien Wong, Lim Mei, Francis Mok, Hoo Sheau Farn, Hilary Low and Zahedah Abdul Rashid, while partner Lee Kee Yeng advised Nomura Singapore Ltd, the financial advisor of Mayban. Allen & Gledhill has also advised ARA-CWT Trust Management (Cache) Limited (as manager of Cache Logistics Trust) and Cache-MTN Pte Ltd (Cache-MTN), a wholly-owned subsidiary of HSBC Institutional Trust Services (Singapore) Ltd (in its capacity as trustee of Cache Logistics Trust), in respect of Cache-MTN’s establishment of a S$500 million (US$400.8m) multicurrency medium term note programme, pursuant to which it may issue notes to be guaranteed unconditionally and irrevocably by the Cache Logistics Trust. Australia and New Zealand Banking Group Ltd (ANZ) has been appointed as arranger and dealer of the programme. Partners Jerry Koh and Long Pee Hua led the transaction whilst partner Margaret...

Allen & Gledhill has advised Temasek (Holdings) Private Ltd (Temasek) in respect of the sale of approximately 40 per cent of its interest in Surbana Corporation Pte Ltd to CL Pinnacle Pte Ltd, a wholly-owned subsidiary of CapitaLand Ltd, for S$360 million (US$290.3m) in cash. Surbana Corporation, a Temasek-linked company, is a provider of integrated urban planning, architectural and engineering design, reclamation and other building consultancy services. Partners Lim Mei and Lee Kee Yeng led the transaction. Allen & Gledhill has also advised CapitaMall Trust Management Ltd, the manager of CapitaMall Trust, in respect of its issue of S$350 million (US$282.3m) unsecured convertible bonds. The sole bookrunner and lead manager for the issue is Credit Suisse (Singapore) Ltd. Partners Jerry Koh, Long Pee Hua, Sunit Chabhra and Teh Hoe Yue led the transaction. In addition, Allen & Gledhill has advised South Beach Consortium Pte Ltd in respect of securing the S$1.6 billion (US$1.3b) facilities from a syndicate of lenders comprising DBS Bank Ltd, Oversea-Chinese Banking Corporation Ltd, Sumitomo Mitsui Banking Corporation Singapore Branch, The HongKong and Shanghai Banking Corporation Ltd and United Overseas Bank Ltd. The facilities were for part-financing the proposed integrated development comprising office, residential, hotel and retail components at Beach Road, Singapore. Partners Jafe Ng and Margaret Chin led the transaction. Finally, Allen & Gledhill has advised Alpha Investment Partners Ltd, as fund manager of Alpha Asia Macro Trends Fund Ltd, in respect of Alpha Asia’s acquisition (through its joint venture through a subsidiary with NTUC Income), of shares in Capital Square Pte Ltd, which owns the property known as “Capital Square”. The consideration for the...

AZB & Partners has advised Matrix Partners India Investment Holdings LLC (MPIIH) and Matrix Partners India Investments LLC (MPII) in respect of MPIIH’s subscription of compulsorily and fully convertible series A preference shares of Chetas Control Systems Private Ltd, and MPII’s purchase of series A equity shares of Chetas Control Systems Private Ltd held by one of the promoters. The deal was completed on 16 March 2011 and was valued at approximately US$13 million. Partner Abhijit Joshi led the transaction. Ashurst has advised Fenner PLC in respect of the acquisition, via its wholly owned subsidiary, Fenner Singapore Pte Ltd, of the entire share capital of Multiseals Pte Ltd for a total consideration of S$14.425 million (US$11.67m). Multiseals is a privately owned company based in Singapore which manufactures and distributes seals to the oil and gas industry in the Asia-Pacific Region. Fenner is a global company engaged in the field of reinforced polymer engineering. Partner Susan Roy led the transaction whilst Selvam LLC, led by Krishna Ramachandra acted as Singapore law counsel to Fenner. TSMP Law Corporation, led by Jennifer Hsien Lin Chia, acted for Multiseals. Baker & McKenzie has acted for Sinopharm Group Co Ltd (Sinopharm), China’s largest pharmaceutical products distributor, in respect of its new H share placement raising approximately HK$3.4 billion (US$437.4m). Sinopharm issued approximately 138 million shares. The net proceeds will be used for the expansion of Sinopharm’s pharmaceutical distribution and retail network, as well as for liquidity replenishment. CICC, UBS and Morgan Stanley acted as the placing agents. Partner Anthony Jacobsen led the transaction. Harry Elias Partnership has acted as legal advisor in respect of...

Allen & Gledhill has acted as Singapore law counsel for Global Logistic Properties Ltd in respect of its issue of a US$2 billion Euro medium term note programme. The aggregate nominal amount of notes issued under the programme will not at any time exceed US$2 billion (or the equivalent in other currencies). Under the programme, the issuer proposed to offer up to RMB3 billion (US$461.8m) Series 1 fixed rate notes. Partners Leonard Ching and Bernie Lee led the transaction. Allen & Gledhill has also advised One Raffles Quay Pte Ltd in respect of a facility agreement, under which a syndicate of banks advanced an unsecured loan facility in the aggregate principal amount of S$900 million (US$730.7m) to refinance One Raffles Quay’s existing loans from its shareholders. Australia and New Zealand Banking Group Ltd Singapore Branch, Citibank NA Singapore Branch, DBS Bank Ltd, Standard Chartered Bank Singapore Branch, The HongKong and Shanghai Banking Corporation Ltd (HSBC) and United Overseas Bank Ltd are lenders for this financing, while HSBC is facility agent for the lenders. Partner Jafe Ng led the transaction. Ashurst has advised Middle East jewellery retailer Damas International Ltd in respect of the acquisition of a controlling stake in its Saudi Arabian joint venture, Damas Saudi Arabia Company Ltd. Damas International Ltd’s subsidiary, Damas Jewellery LLC, acquired 49 per cent of the share capital of its existing joint venture in Saudi Arabia, taking Damas’s stake to 98 per cent with full control of the company. The firm’s advisory team was led by Chris Young whilst Hammad, Al Mehdar & Co advised on matters of Saudi Arabian law. Baker &...