Date Published: 30 July 2019
CNPLaw LLP (“CNP“) acted as Singapore counsel to Kumpulan Perangsang Selangor Berhad, a Malaysian listed company, on its acquisition (through its wholly-owned subsidiary, Perangsang Dinamik Sdn. Bhd.) of 100% equity interest in Toyoplas Manufacturing (Malaysia) Sdn. Bhd., a plastic injection moulding firm, in relation to the conduct of legal due diligence on a Singapore subsidiary and advice on foreign investments policies and repatriation of profits under Singapore law. The deal was signed by the parties on 17 May 2019 and was for a cash consideration of RM311,250,000 (approximately SGD102.8 million).
Each M&A deal entails the confluence of multiple legal disciplines. That is why we take great care when assembling a team for each deal, ensuring that there is an optimal mix of specialisation in the clients’ identified areas of concern, such as tax, employment and intellectual property, and necessary industry-specific experience.
We provide support to our clients at every stage of the deal. We will be there at the beginning of the process, helping to facilitate the negotiations between the parties and advising on the structure of the transaction. Once the parties have reached a consensus, we meticulously prepare the necessary documentation. Recognising that M&A deals are often the first page of a new chapter for the parties involved, we also provide post-transaction support to ensure a smooth transition such as the preparation of shareholder agreements, employment agreements, and other relevant commercial documentation.