Colin Ng & Partners LLP recently acted for Integra Holdings Pte. Ltd. (“Integra”) on the sale of 51% of Granite Capital SA (“Granite”) to Zibo Qixiang Tengda Chemical Co., Ltd, through its wholly owned subsidiary, Qi Xiang Teng Da Supply Chain Hong Kong Limited, for a cash consideration of US$ 36 million.
Granite is a Swiss based leading petrochemical commodity trader established since 1989. Zibo Qixiang Tengda Chemical Co., Ltd is engaged in R&D, production and distribution of fine chemicals and is listed on the Shenzhen Stock Exchange. The implied equity value of the target in this transaction is over US$ 70 million.
The core team acting for Integra were Bill Jamieson (Partner) and Abel Ho (Practice Trainee). Michelle Chan (Senior Associate) and Joey Ho (Associate) provided assistance to the transaction.