Date Published: 20 April 2020
Advising on the restructuring: Ken Chia, Hazel Ho-Tsastsina, and Muhammad Parasuram.
CNPLaw LLP (“CNP”) acted as Singapore counsel for a Singapore-based telecommunications start-up, AirGSM Pte Ltd, in its restructuring through a share swap with its US-based holding company, AirGSM Holdings, Inc. AirGSM Pte Ltd is the creator of the mobile application, Airalo, the world’s first eSIM store for travellers. The restructuring strategically positions AirGSM Pte Ltd for fund raising activities and future expansion. Its co-founder, Bahadir Ozdemir, commended the CNP team on the swift completion of the restructuring which took place on 17 April 2020.
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