CNPLaw LLP advised on amalgamation of CITIC Telecom International (SEA) Pte Ltd and Pacific Internet (S) Pte Ltd

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CNPLaw LLP advised on amalgamation of CITIC Telecom International (SEA) Pte Ltd and Pacific Internet (S) Pte Ltd


Date Published: 3 August 2021 


The team involved in the transaction: Ken Chia, Hazel Ho-Tsastsina and Sylvia Koh.




CNPLaw LLP acted for CITIC Telecom International (SEA) Pte Ltd (“CITIC Telecom”) in its amalgamation with Pacific Internet (S) Pte Ltd (“Pacific Internet”) which became effective on 1 July 2021.

CITIC Telecom and Pacific Internet were both wholly-owned subsidiaries of Acclivis Technologies and Solutions Pte Ltd. Following the amalgamation, Pacific Internet is now the surviving entity and will continue to provide telecommunication services in Asia Pacific.

CNP was instructed by Wendy Yeo of CITIC Telecom who commended the CNP team, saying “The CNP team has been very helpful and responsive in guiding us through the entire amalgamation process and we are very grateful to have them on our side.”

 

CNPLaw’s Corporate Advisory Lawyers

Ken Chia Legal Partner at CNPLaw LLP image

Partner

    Ken heads the Corporate advisory team in the firm and has an international focus in his corporate and M&A work and worked in business development positions with various subsidiaries of the Hang Lung Group in Shanghai and with Informa plc in Singapore. Ken is “Recommended” by The Legal 500 Asia Pacific 2021 for the Corporate and M&A practice and is rated as a “Notable Practitioner” in the IFLR1000 Thirtieth Edition.


    Hazel Ho Senior Legal Associate at CNPLaw LLP

      Partner
      Hazel’s practice focuses on cross-border M&A, joint ventures, private equity and general corporate advisory. She has over 10 years of experience working in-house and in private practice. Hazel has been recognised as a “Notable Practitioner” for Corporate and M&A practice by IFLR1000 in 2019, 2020 and 2021. Hazel is also named in the Singapore Business Review as one of Singapore's 21 most influential lawyers aged 40 and under in 2020.


      Sylvia Koh Associate at CNPLaw

        Senior Associate
        Sylvia is a senior associate in the Corporate Advisory Practice Group. She graduated from the Singapore Management University in 2016 and was called to the Singapore Bar in 2017. Prior to joining the firm, Sylvia practised in the areas of civil and commercial litigation and has acted for clients from different industries.


        Every business involves an amalgam of various stakeholders, such as investors, shareholders and directors. Ideally, each of these stakeholders should have a common vision of what is best for the company. However, this is rarely the case when individual interests are factored into the equation.

        Stakeholder conflicts (regarding issues such as breaches of fiduciary dutiesderivative actionsshareholder oppressionmanagement deadlocksmanagement compensationdividend payments and buy-outs) can be a thorny issue and can leave a company crippled if not addressed promptly.

        Given the diversity of interests at play, we appreciate that a multi-faceted approach is usually the most cost-efficient method of resolving stakeholder conflicts. Therefore, we provide clients with ready access to an integrated team of lawyers (combining the experience of our corporate, dispute resolution and employment law practices where applicable) who will effectively engage the relevant stakeholders in discussions on how best to resolve their differences amicably.

        More often than not, clients are able to avoid costly protracted court proceedings and resolve stakeholder conflicts with discretion and expediency.





        There are numerous commercial drivers behind the rising popularity of joint ventures as a business/investment structure, including obtaining access to new markets within and across jurisdictions and harnessing the synergies of complementary skill sets.

        By advising on how the joint venture should be structured along with related issues, such as the sharing of intellectual property and tax considerations, and documenting the terms of the party’s collaboration, our corporate lawyers help drive your joint venture ideas forward.

        We continue to provide support to the joint venture throughout the course of its lifespan by preparing service agreements and other commercial agreements relevant to its operations.

        In addition to offering legal insights, our lawyers are experienced at advancing our clients’ interests while being attuned to the ongoing and developing relationship between the respective parties. This contributes towards fostering a spirit of trust which is the cornerstone of any successful joint venture.





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