29 May 2020

Sale of 70% stake in PRASAC Microfinance

Partners Heng Chhay and Tiv Sophonnora from R&T Sok & Heng Law Office acted for a consortium of sellers in their US$ 603.4 million sale of 70% stake in PRASAC Microfinance, Cambodia’s leading deposit-taking microfinance institution.

28 May 2020

Acquisition of assets and businesses of the company from interim judicial managers from Deloitte & Touche LLP

Partner Danny Lim from Rajah & Tann Singapore is advising the founder of HTL International Holdings Pte Ltd in the acquisition of the assets and businesses of the company from its interim judicial managers from Deloitte & Touche LLP.

26 May 2020

Exacta Capital Partners and the Aura Group’s acquisition of Anytime Fitness master franchise licence

Partners Brian Ng, Celeste Lee, and Lee Xin Mei from Rajah & Tann Singapore; Yau Yee Ming and Ooi Ju Lien from Christopher & Lee Ong; and Norma Margarita B. Patacsil, Mary Thel T. Mundin, and Roxanne B. Tadique-Fajardo from C&G Law advised a consortium of top franchisees, lead investor Exacta Capital Partners, and the Aura Group in the acquisition of the Anytime Fitness master franchise licence in Taiwan, Hong Kong, Macau, Singapore and the rest of Southeast Asia, as well as various gym outlets and gym management businesses across Southeast Asia.

 

24 May 2020

ZenRock Commodities Trading’s restructuring of credit liabilities to bankers

Partner Tan Chuan Thye from Rajah & Tann Singapore is acting for ZenRock Commodities Trading, a Singapore-based wholesale crude oil trader, in its efforts to restructure the US$300 million letter of credit liabilities to its bankers. The restructuring highlights the challenges following the widely reported problems at another oil trading company - Hin Leong - where well-known names in trade finance have found themselves exposed to very large losses.