|
|
Home > CNP News & Events > News
9 June 2010
Colin Ng & Partners LLP advises Plexus Components on Reverse Takeover of Catalist-listed Company
Colin Ng & Partners LLP ("CNP") advised the shareholders ("Vendors") of target electronics
components distribution company, Plexus Components Pte Ltd ("Plexus"), on a reverse takeover
("RTO") of Catalist-listed WesTech Electronics Limited ("WesTech").
The RTO involved the acquisition by WesTech of the entire issued share capital of Plexus from the
Vendors for a total consideration of S$10 million, satisfied by the allotment and issue of new shares in
WesTech amounting to a 84% interest in the enlarged share capital of WesTech.
The reverse takeover of WesTech was a crucial component of the transactions in a Scheme of
Arrangement under s210 of the Companies Act for WesTech.
The RTO was approved by the shareholders of WesTech at an EGM on 25 May 2010 and completed
on 2 June 2010.
CNP's Corporate Finance Partners Tan Min-Li, Stephen Soh and Gregory Chan advised Plexus and
the vendors on the RTO.
Partner Allan Tan advised Plexus in relation to the loan documentation to be entered into by the
enlarged WesTech with its financiers.
FOR MORE INFORMATION, PLEASE CONTACT:
Eliza Tan
Corporate Communications Manager
Colin Ng & Partners LLP
DID: 6349 8610
Fax: 6323 8282
E-mail: etan@cnplaw.com
|
|
 |
