Colin Ng & Partners LLP (“CNP“) advised Edmund Tie & Company (SEA) Pte Ltd in connection with its joint venture with OrangeTee Holdings Pte Ltd to set up a joint venture company. As part of the agreement, both companies will be transferring their 100%-owned associate agencies – respectively Edmund Tie & Company Property Network Pte Ltd and OrangeTee.com Pte Ltd – into the joint venture company. Moving forward, the two associate agencies will be operating under a single name: OrangeTee & Tie Pte Ltd, with a combined force of over 4,000 associates, making it the third largest real estate agency in Singapore.
Ms Lisa Theng, Managing Partner was assisted by Mr Kenn Lim, Senior Associate and Ms Joey Ho, Practice Trainee in this transaction.
More information on the joint venture may be found at http://www.straitstimes.com/business/property/orangetee-edmund-tie-co-join-forces-to-form-singapores-3rd-largest-real-estate.