Loo & Partners focuses on providing quality banking and capital markets advice, capturing a significant amount of initial public offering (IPO) work in China.
Asialaw Profile
Loo & Partners’ reputation is founded on its work for the Taiwanese Civil Aeronautics Administration in its defense of a claim over a crash in 2000 brought by Singapore Airlines.
The Asia Pacific Legal 500
…That regional expertise extends to banking work, where the team, has impressive instructions… also an authority on corporate governance… advises on shipping groups and others in the sector on financial issues…
The Asia Pacific Legal 500

We have an established corporate practice. Other than local mergers and acquisitions, we have regional capabilities and have significant experience in handling cross-border transactions.

2012-2013

  • We acted for Sun Asia Pacific Corporation (Singapore) Pte. Ltd, in its sale of Hotel Grand Pacific to a consortium of Asian investors, advised by HVS Global Hospitality Services. for approximately SGD210 million;
  • We acted for Far East Group Limited, a regional player in the refrigeration and air-conditioning business and which is also listed on the Catalist of the Singapore Exchange(“SGX”), in its acquisition of Eden Refrigeration Manufacturing (Jiangsu) Co., Ltd for an aggregate consideration of S$11.69 million;
  • We acted for Gobi Group, a regional investment fund, in its strategic investment in YOUKIA GROUP INC, a leading regional developer and publisher of online Web Games and Social Network Games (SNS);
  • We acted for a group of investors from Singapore and Korea in its investment in Infocomm Asia Holdings(IAH), a regional online game provider, and in connection with the acquisition of IAH by Yuuzoo, a global targeted e-commerce networks, and the Reverse Takeover ( RTO) of Contel Corporation Limited, a company listed on the main board of the Singapore Exchange;
  • We acted for United Envirotech Ltd, a leading membrane based water & wastewater treatment and reclamation solution provider in China’s chemical, petrochemical and industrial park sectors, in its proposed acquisition of a concession agreement for the administration, operation, construction and maintaining of a waste water treatment plant in Diaobingshan City, Liaoning Province, the PRC for a consideration of approximately SGD5.39 million;
  • We acted for Allied Technologies Limited in its acquisition of the property and the entire registered and paid-up share capital of Yitong Precision Technology (Suzhou) Co., Ltd on the consideration of RMB58.5 million;
  • We acted for Sino Tankers Pte Ltd in its sale of the two vessels to a Malaysian Company at the aggregate consideration of S$4,000,000.
  • We acted for Allied Technologies Limited, a company listed on the Mainboard of the SGX in the compulsory land acquisition of its wholly-owned subsidiary by the local government in Suzhou, the PRC for an aggregate compensation of RMB209,601,063.

 

2011-2012

  • We advised Hsu Fu Chi International Limited (“HFC”), a leading manufacturer and distributor of confectionary products in China, formerly listed on the SGX-ST, in the acquisition by Nestle S.A of 60% stake in HFC by way of a scheme of arrangement for an aggregate consideration of approximately SGD2.1 billion. For this transaction, we would like to highlight the following: (i) It was the first scheme of arrangement undertaken by a Cayman Islands- incorporated company in Singapore; (ii) It has been crowned the “The Singapore M&A Deal of the Year” at the recently held Asian Legal Business (ALB) Southeast Asia Law Awards 2012; and (iii) It has obtained the relevant approval from the Ministry of Commerce in China (“MOFCOM”) after MOFCOM’s review of its application in the light of the PRC anti-monopoly legislation. It attracted much publicity as the previous application for the proposed acquisition of Huiyuan by Coco Cola was rejected by MOFCOM in the light of the anti-monopoly legislation. (iv) It has been selected as “ASIAN-MENA COUNSEL’s Deals of the Year 2012”;
  • We acted for China Steel Corporation, the largest steel manufacturing conglomerate in Taiwan, in its acquisition for a diversified conglomerate in Malaysia, involves four companies listed on the Bursa Malaysia and 13 subsidiaries, which have substantial investments in steel manufacturing, retail and property, for a consideration of approximately SGD1 billion;
  • We advised F&H Group, a leading private equity group headquartered in Singapore with extensive knowledge and experience in investment in the Asian region, in its investment in Haiyi International Pte. Ltd. and its group of companies, which engage in shipping and dredging, through a contractual arrangement, for an investment amount of approximately RMB110 million;
  • We acted for JR Group, a leading regional manufacturer of quality ready-to-eat convenience meals on a SGD15.0 million subscription of redeemable convertible preference shares (“RCPS”) in it by Singhome Fund, a global investor programme fund approved by the Government of Singapore;
  • We advised Tai Sin Electric Limited, a leading electric cables and wires manufacturer, listed on the Singapore Exchange Securities Trading Limited ( the “SGX-ST”), in its acquisition of Cast Laboratories Pte. Ltd. for an aggregate consideration of approximately SGD4.5 million;
  • We advised Ever Firm Limited, an indirect wholly-owned subsidiary of a company listed in Hong Kong, World Wide Touch Technology (Holdings) Limited, in its proposed acquisition of Celestix Networks Pte Ltd for an aggregate consideration of around SGD17,8 million (subject to final adjustment);
  • We acted for China Steel Corporation. for its proposed acquisition of a significant subsidiary of a Hong Kong listed company, at a consideration of approximately RMB184.8 million;
  • We are acting for F&H Group in its proposed investment in a group of companies engaged in the media related businesses in the People’s Republic of China by way of subscription of convertible bonds for an investment amount of RMB50 million; and
  • We acted for United Envirotech Ltd., a company listed on the main board of the Singapore Exchange Securities Trading Limited, in its acquisition from of Moya Asia Limited’s indirect interest in the concessionary rights granted by the Diaobingshan Town Construction Bureau of the People’s Republic of China to, inter alia, administer, operate, construct and maintain a waste water treatment plant to treat 30,000 m³ per day of wastewater in Diaobingshan City, Liaoning Province, with an aggregate consideration of RMB27 million;
  • We are acting for Singhome Fund in respect of its subscription of exchangeable bonds with a principal amount of SGD2 million in an investment company holding a group of subsidiaries principally engaged in printing and software and program development related services;
  • We acted for Cortina Holdings Limited in relation to its acquisition of the commercial space for SGD20 million;

 

2010-2011

  •  We acted in the voluntary delisting of Ionics EMS, Inc. a regional player in the electronics industry;
  • We acted for the Evonik Degussa Group, a leading specialty chemicals companies with worldwide operations in its corporate restructuring exercise;
  • We acted as legal advisor for Mamee-Double Decker Berhad (Malaysia Listco) in a selective capital reduction exercise;
  • We acted as the legal advisor for a foreign conglomerate in a seawater desalination project;
  • We acted for the acquisition of Assistance Online Pte. Ltd. by Cover-More Group, a leading travel insurance in Australia, New Zealand and the United Kingdom;
  • We acted for Sinostar PEC Holdings Limited, and St James Holdings Ltd both listed on the Singapore Exchange, in their proposed Share Purchase Mandate;
  • We are also working on the restructuring of the existing financing schemes by several PRC-based companies listed on the Singapore Exchange, when debts of substantial amounts (each exceeding USD100 million) have fallen due and payable and when those PRC-based listed companies are unable to pay those debts;
  • We are acting for Foreland Fabrictech Holdings Limited in its application of its Scrip Dividend Scheme to the final dividend for the financial year ended 31 December 2010 and acted for Challenger Technologies Limited in its bonus share issue;
  • We acted in the placement and rights issue exercise for Leader Environment Tech Ltd and JK Tech Investments Ltd; and
  • We acted in the Renounceable Non-Underwritten Rights Issue of up to 114,070,800 Warrants in the capital of Allied Technologies Limited.

 

2009 and earlier

  • As the General Counsel for China Steel Corporation, a leading steel manufacturer in the world, whose shares are quoted on the Taiwan Stock Exchange, we acted in its acquisition of Ornasteel Enterprise Corporation (M) Sdn. Bhd. and Group Steel Enterprise Corporation (M) Sdn. Bhd., both Malaysian corporations, for an aggregate consideration of approximately MYR185 million;
  • As the Legal Counsel of Tempus Asia Pacific Holdings Pte Ltd (“TAPH”), a Media Specialist and a subsidiary of Tempus Group PLC (whose shares are quoted on the London Stock Exchange), we acted in TAPH’s acquisitions of strategic interests in media companies in the region, including Thailand, Malaysia, South Korea, Taiwan (ROC), Japan and China (PRC);
  • We advised the Cosco Group, a PRC shipping conglomerate, on its global restructuring exercise with regard to the integration of its business operations in Singapore and Malaysia. We advised extensively on the legal and regulatory issues, which the conglomerate’s Singapore-listed vehicle was obliged to address and observe;
  • We advised the China American Petrochemical Group, a Taiwanese government-linked petrochemical conglomerate in the divestment of its strategic interest in an aromatics manufacturing plant, located at Pulau Ayer Chawan, with regard to the issue of preference shares by its Singapore subsidiary, followed by a High Court application for the reduction of its capital by approximately SGD75 million and its members’ voluntary winding up;
  • We acted for the Raffles Medical Group, a Singapore-listed company, in its proposed acquisition of a controlling equity stake in a Malaysian healthcare group for an estimated consideration of MYR160 million;
  • We acted in the voluntary delisting of WPG International Limited (a listed regional distributor of electronics components);
  • We acted in the acquisition by Kingsmen Creatives Ltd (a listed regional provider of three-dimensional communication design and production) of the entire (or substantial) interests of various business associates located in Vietnam, South Korea and Japan;
  • We acted in the acquisition by TR Networks Limited (a listed beauty and healthcare group) of substantial interests in Elixir Health group;
  • We acted as the Singapore Counsel for Kaohsiung Rapid Transit Corporation (“KRTC”) in relation to a series of contracts entered between KRTC, and Siemens Aktiengescellschaft, and Singapore Technologies Electronics Limited respectively in relation to the construction and operation of the Kaohsiung Mass Rapid Transit System;
  • We acted as the Counsel for the vendor in relation to the sale of the Queen Wing of Allson Hotel for SGD45.5 million;
  • We acted for Lian Beng Group Ltd (a listed construction group) relating to its joint venture with Manhattan Investments Pte Ltd in connection with the proposed overburden open cast coal mine works in Indonesia for a total value of USD213 million;
  • We acted for PrimePartners Corporate Finance in connection with the Reverse Take-over of Teamsphere Limited by Delong Steel Group from China;
  • We acted for Packet Systems in connection with its acquisition by DMX Technologies for approximately USD16 million;
  • We acted for Flextech Holdings Limited in its takeover by ASTI Holdings Limited for approximately SGD74 million;
  • We acted for the vendors of Assetgold Finance in its reverse takeover of Global Ariel Limited for approximately SGD115 million;
  • We acted for FerroChina Limited in its acquisition of substantial interests in Superb Team Limited. In connection therewith, our firm acted for FerroChina Limited in respect of its issuance of up to 120 million Redeemable Cumulative Convertible Performance Shares amounting to SGD84 million to fund the acquisition of Superb Team Limited;

 

2009 and earlier

  • As the Legal Counsel of the Italian Chamber of Commerce (Singapore) and the Taipei Business Association (Singapore) respectively, we are regularly advising Italian and Taiwanese businesses in Singapore on their legal needs;
  • We acted in Raffles Medical Group Ltd’s acquisition of the remaining 50% interest in Raffles Hospital previously held by the Capital Land Group;
  • We acted for Raffles Medical Group, TR Networks Ltd, Scorpio East and Luzhou Bio-Chem Technology in their various share placement exercise;
  • We acted for TR Networks in respect of the disposal of their flagship building;
  • We acted for Kingsmen Creatives Ltd in respect of its acquisition of various business affiliates in the region;
  • We acted for Allied Technologies Limited in respect of its distribution of bonus dividend and renounceable rights issue to shareholders;
  • We acted in the share split of Beng Kuang Marine Limited;
  • We acted in FerroChina’s issue of USD60 million Guaranteed Notes;
  • We acted in Challenger Technologies’ rights issue;
  • We acted for an individual shareholder in connection with Jaya Holdings’ various corporate restructuring exercises;
  • We acted for Ouhua Engergy Holdings in its acquisition of Chaozhou Huafeng Refining;
  • We reviewed the articles of association of various listed companies, including Tastyfood Holdings, JK Technologies, Pan Asian Water Solutions, Nippecraft Limited and Jackspeed Corporation, in the light of recent amendments to the Companies Act and the Listing Manual;
  • We acted for Datapulse Technology and PNE Micron in connection with their adoption of new shareholders’ mandate for interested person transactions;
  • We acted for Japan Fleet relating to their Capital reduction exercise;
  • We acted as the Singapore Legal Counsel in connection with the global reorganization and amalgamation of the Publicis Group of companies;
  • We acted for Landwind in relation to voluntary conditional cash offer by DBS Bank Ltd for and on behalf of Echo Investment Holdings Limited;
  • We acted in the RTO of TR Networks by Oceanus Bio-Tech (Holdings) Limited;
  • We acted for Luzhou Bio-chem Technology Limited in respect of its placement of 36 million new shares for a total proceeds of SGD25.7 million;
  • We acted for Celestial Nutrifoods Limited, China Sun Bio-chem Technology Group Company Ltd and China Sky Chemical Fibre Co., Ltd. in respect of their Share Buyback Mandates;
  • We acted in relation to Metax Engineering’s acquisition of WS Bioengineering; and
  • We acted for China Sky Chemical Fibre Co., Ltd in its acquisition of Qingdao Zhongda Chemical Fiber for approximately RMB450 million