Deals and cases

The legal pulse of Asia in your hands.

Featured authors

Tan Min-Li

Equity Partner

Ge Xiaomeng

Partner

Relevant practices

Mergers And Acquisitions >

Corporate Finance And Capital Markets >

Deals and cases

CNPLaw LLP advised founder of the Tenderfresh Group in the divestment of a 75% stake in the business to Kimly Limited, a company listed on the SGX-ST, for a consideration of S$54,000,000

SHARE THIS ARTICLE

export this article

The Team Advising On The Transaction: Tan Min-Li,  Ge Xiaomeng and Timothy Tan. 
CNPLaw LLP advised the founder of the Tenderfresh group of companies (“Tenderfresh Group”) on the divestment of a 75% stake in the business of Tenderfresh Group comprising, inter alia, central kitchens, restaurants and food stalls, to Kimly Limited, a company listed on the SGX-ST. The aggregate consideration of S$54 million was payable partly in cash, and partly via the issuance of new shares in the share capital of Kimly Limited. Prior to the acquisition, an internal restructuring was also undertaken to streamline the business operations of the Tenderfresh Group.
The divestment was completed on 1 October 2021.

GENERAL DISCLAIMER

This article is provided to you for general information and should not be relied upon as legal advice. The editor and the contributing authors do not guarantee the accuracy of the contents and expressly disclaim any and all liability to any person in respect of the consequences of anything done or permitted to be done or omitted to be done wholly or partly in reliance upon the whole or any part of the contents.

related practices

Services related to this article

Swipe right to scroll

service

Mergers And Acquisitions

Mergers and acquisitions (M&A) entail the confluence of multiple legal disciplines. That is why we take great care when assembling a team for each

service

Corporate Finance And Capital Markets

Our firm has significant experience advising on a wide range of corporate finance transactions for numerous local and foreign companies across Asia. We offer

Get in touch with the authors.

Our legal team comes decked with deep insights and the necessary legal expertise; all ready to help you with your legal needs.

Get in touch
Equity Partner

Tan Min-Li

Partner

Ge Xiaomeng

How can CNP help?

We're ready to assist with your legal needs. Please share more details about the nature of your enquiry for us to better serve you.

Subscribe for CNPupdates!

No spam. Just timely legal insights to help you navigate Asia's ever evolving legal landscape.