CNPLaw LLP advised SGX-ST listed Company, Axington Inc., on a mandatory unconditional cash offer

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CNPLaw LLP advised SGX-ST listed Company, Axington Inc., on a mandatory unconditional cash offer

Date Published: 2 August 2020 

The Team Advising On The Transaction: Tan Min-Li, Bill Jamieson, Ge Xiaomeng and Jennifer Lo. 


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.


CNPLaw’s Mergers and Acquisitions Lawyers

Tan Min Li legal Partner at CNPLaw LLP image

    Min-Li’s principal areas of expertise are in corporate and financial services. For 2018 and 2019, she was recognised as Singapore’s Top 100 private practice lawyers by Asia Business Law Journal. For 2021, She is rated as “Highly Regarded”, ranked as a “Distinguished Practitioner” and “Recommended” for Capital Markets by IFLR1000, Asialaw Leading Lawyers and The Legal 500 Asia Pacific respectively.

    Bill Jamieson is a Partner at CNPLaw LLP. Bill is an English lawyer who is also registered to practise Singapore law in the areas of corporate law, banking and finance and securities laws. He enjoys working in the diverse and dynamic Asian market and helping his clients to achieve their goals.

      Bill’s practice focuses on corporate financing transactions, investment funds, mergers and acquisitions, private equity, and employment law matters. His experience includes 10 years in the City of London and over 20 years in Asia. Before joining CNP, Bill was a partner in a well-known international law firm. He is recommended lawyer for Corporate and M&A, Banking and Finance, Investment Funds and Labour and Employment in Legal 500 Asia Pacific 2021. Bill is one of the firm’s contacts for Interlaw, a network of independent full-service corporate law firms ranked by Chambers and Partners in its highest category, “Elite”, amongst all global law firm networks.

      Ge Xiaomeng 1

        Xiaomeng’s practice is focused on corporate finance, M&A and general corporate advisory. Before joining CNP, she started practice in a leading corporate law firm in Singapore. She is fluent in the Chinese language and has been involved in cross-border transactions in the PRC (including Hong Kong), Indonesia, Malaysia, Japan and Australia.

        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 taxemployment 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 agreementsemployment 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.