Baker McKenzie has advised the lender syndicate comprising of six banks on a β28 billion (US$866m) facility to DayOne Data Center’s Thailand subsidiary for the development, construction and operation of a multi-building data center, one of Thailand’s largest data center projects. The financing has also been structured to comply with green loan principles, with proceeds to be applied towards the development satisfying key eligibility criteria. The financing is bespoke with structural features customary for large- scale project financings in the data center sector, and represents continued growth of the digital infrastructure sector in Thailand. Bangkok energy and infrastructure head Viroj Piyawattanametha and partner Tatcha Thumpramoth led the firm’s team in the transaction. Baker McKenzie has also advised the joint global coordinators and joint book-runners, as to US federal securities laws and English law, on the MYR3.28 billion (US$971m) IPO, including an over-allotment option, and the listing of Sunway Healthcare in Malaysia. The company’s shares commenced trading on March 18, 2026. A unit of Malaysian conglomerate Sunway, Sunway Healthcare is one of Malaysia’s leading healthcare providers, operating five hospitals, together with other ancillary healthcare businesses. Maybank Investment Bank and AmInvestment Bank are the joint principal advisers, joint global coordinators, joint book-runners, joint managing underwriters and joint underwriters for the offering. UBS, HSBC and Jefferies also acted as joint global coordinators, together with other joint book-runners and joint underwriters in this international IPO, which included an offering to retail investors in Malaysia and institutional investors internationally in reliance on Regulation S under the US Securities Act of 1933. US-qualified capital markets principal Alexander Stathopoulos of Baker McKenzie Singapore member firm Baker...

Allen & Gledhill has advised Oversea-Chinese Banking Corporation on the issue of US$500 million 4.517 percent subordinated notes due 2036, under its US$30 billion global medium term note programme. Partner Glenn David Foo led the firm’s team in the transaction. Allen & Gledhill has also advised Mapletree Industrial Trust Management, as manager of Mapletree Industrial Trust, on the issue of S$300 million (US$236m) 3.25 percent subordinated perpetual securities, under the S$2 billion (US$1.57b) euro medium term securities programme established by DBS Trustee, as trustee of Mapletree Industrial Trust. Partner Glenn David Foo also led the firm’s team in the transaction. Moreover, Allen & Gledhill has advised Aonic Holdings on its Series A financing round, which raised US$5 million from Kairous Capital. Aonic holds a drone-technology start-up business in Malaysia that designs and manufactures autonomous platforms for industrial inspection, logistics and public-safety applications. Partner Nicholas Soh led the firm’s team in the transaction. AZB & Partners has advised Quinag Bidco (Apax), TPG Fett Holdings and Satya Kumari Remala and Rao Venkateswara Remala, as the sellers, on the IPO by Fractal Analytics of approximately 31.6 million equity shares with face value of Rs1.00 (US$0.0109) each, aggregating to Rs28.34 billion (US$308m), comprising of a fresh issue of approximately 11.44 million equity shares aggregating up to Rs10.23 billion (US$111.3m) and an offer for sale of approximately 20.12 million equity shares aggregating up to Rs18.1 billion (US$197m). Partners Varoon Chandra, Lionel D’Almeida, Ashwath Rau, Divya Mundra, Vaidhyanadhan Iyer and Jeet Chaudhuri led the firm’s team in the transaction, which was completed on February 16, 2026. AZB & Partners has also advised Vertex Venture Holdings...

Allen & Gledhill has advised Frasers Property North Gem Trustee, as trustee-manager of North Gem Trust, on the S$660 million (US$515m) term and revolving credit facilities granted by Oversea-Chinese Banking Corporation, DBS Bank, United Overseas Bank and Bank of China Singapore Branch. The facilities are aligned with the Green Loan Principles, and will be used to refinance existing borrowings relating to the South Wing of Northpoint City, a suburban shopping mall in the North Region of Singapore. Partner Lim Wei Ting led the firm’s team in the transaction. Allen & Gledhill (Vietnam) has also advised OCI TerraSus, a subsidiary of OCI Holdings, via its Singapore-based special purpose vehicle OCI ONE, on the acquisition of a 65 percent controlling stake in a 2.7 GW solar wafer plant under construction in Vietnam. Partners Tran Ngoc Hoang Phuong and Oh Hsiu-Hau, Scott Clements (Singapore) and Han Junwei (Singapore), and partners Desmond Liew and Florence Yong from Rahmat Lim & Partners led their respective firms’ teams in the transaction. AZB & Partners is advising Tata Motors (formerly known as TML Commercial Vehicles), TMF Holdings and TMF Business Services on the merger of TMF Holdings and TMF Business Services into Tata Motors. The Scheme of Arrangement was approved by the Board of Directors on January 29, 2026. Partners Vaidhyanadhan Iyer, Himanshoo Tembe, Gautam Ganjawala and Karthik Mudaliar are leading the firm’s team in the transaction, which is yet to be completed. AZB & Partners has also advised Axis Capital and HSBC Securities and Capital Markets (India), as the brokers, on the Rs5.4 billion (US$59m) sale by National Investment and Infrastructure Fund II of 49 percent...

Allen & Gledhill has advised DBS Bank, acting through its Australia branch, on the issue of A$1 billion (US$710m) floating rate notes due 2029 and A$1 billion (US$710m) 5.065 percent notes due 2031, under its US$30 billion global medium term note programme. Partner Glenn David Foo led the firm’s team in the transaction. Allen and Gledhill has also advised DBS Bank, Oversea-Chinese Banking Corporation and The Bank of New York Mellon Hong Kong Branch on the US$950 million dual currency term and revolving credit facilities to Mapletree China Logistics Investment Trust. Proceeds from the facilities will be used to finance Mapletree China Logistics Investment Trust’s existing borrowings relating to its China logistics real properties. Partner Lim Wei Ting led the firm’s team in the transaction. Moreover, Allen & Gledhill has advised Frasers Centrepoint Asset Management, as manager of Frasers Centrepoint Trust, on the S$400 million (US$316m) term and revolving credit loan facilities granted by DBS Bank, Oversea-Chinese Banking Corporation and Malayan Banking Singapore Branch. The facilities are aligned with the Green Loan Principles, and will be used to refinance existing borrowings. Partner Lim Wei Ting also led the firm’s team in the transaction. AZB & Partners is advising Exponent Private Equity on its acquisition of Optimas International, including its Indian subsidiary Optimas OE Solutions India, from Optimas OE. Partners Srinath Dasari and Bhuvana Veeraragavan are leading the firm’s team in the transaction, which was signed on January 30, 2026 and is yet to be completed. AZB & Partners is also advising Novatis AG on its sale of majority stake in Novartis India to ChrysCapital Investment Advisors. Partners Darshika Kothari and Kritika...

Allen & Gledhill is advising Singapore Telecommunications, through its wholly-owned subsidiary Singtel Interactive, on the S$6.6 billion (US$5.2b) proposed acquisition of STT GDC. Upon completion of the proposed acquisition, Singtel will have a 25 percent interest in STT GDC, while the remaining 75 percent interest will be held by global investment firm Kohlberg Kravis Roberts & Co. Partners Lim Mei, Song Su-Min, Lee Kee Yeng, Joshua Suwe and Elsa Chen are leading the firm’s team in the transaction. Allen & Gledhill has also advised Penguin Securities Holdings on its Class A1 financing round to a range of investors. The completion of the Class A1 financing round brings the amount raised over the course of Penguin’s pre-Series A fund raising to a total of US$18 million. The funds will be used by Penguin to expand its suite of institutional-grade investment products and services, address the needs of qualified and institutional investors, and meet increasingly sophisticated market demands. Penguin will also leverage the funds to explore new business opportunities, pursue strategic opportunities, and build a resilient investment environment to enable its investors and clients to invest with confidence. Penguin provides products relating to digital payment tokens (DPT), DPT derivatives and traditional capital markets products, such as fixed income instruments, forex, equities and commodities, focusing on family offices and institutional and accredited investors. Partner Nicholas Soh led the firm’s team in the transaction. Moreover, Allen & Gledhill has advised Toku, a Singapore-incorporated AI-powered customer experience platform, on its IPO and listing in Singapore, marking the first SGX IPO of 2026. The IPO successfully raised total gross proceeds of S$16.25 million (US$12.9m), and...