CNP advised Integra Holdings Pte. Ltd. on sale of Granite Capital SA to Zibo Qixiang Tengda Chemical Co., Ltd

Deals and cases

CNP advised Integra Holdings Pte. Ltd. on sale of Granite Capital SA to Zibo Qixiang Tengda Chemical Co., Ltd

Monday 14 May 2018

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.