Date Published: 2 August 2020
CNPLaw LLP advised Axington Inc. (“Company”) in relation to a mandatory unconditional cash offer (“Offer”) made by DBS Bank Ltd. for and on behalf of DORR Global Healthcare International Pte. Ltd. (“Offeror”) for all the issued and paid-up ordinary shares in the capital of the Company (“Shares”) other than those already owned, controlled or agreed to be acquired by the Offeror and parties acting in concert with the Offeror, at a consideration of S$0.208 per Share.
At the close of the Offer on 13 July 2020, the total percentage of Shares held by the Offeror, together with valid acceptances of the Offer, amounted to approximately 92.53% of the Shares.
The lawyers advising the Company include Tan Min-Li – Partner, Bill Jamieson – Partner, Ge Xiaomeng – Senior Associate, and Jennifer Lo – Senior Associate.
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.
Having handled transactions for numerous local and foreign companies across Asia, extending across a wide range of businesses and industries, we have accumulated significant experience advising on an extensive range of corporate finance transactions.