Straits Law Practice LLC advises shares offer under the Singapore Code on Take-Overs and Mergers

Legal Updates

Straits Law Practice LLC advises shares offer under the Singapore Code on Take-Overs and Mergers

Client:

Robert Wong of Straits Law Practice LLC acts for Telemedia Pacific Group Limited

Case summary:

Straits Law were the legal advisers to Telemedia Pacific Group Limited (the “Offeror”) in its mandatory unconditional cash offer for all the issued shares in the capital of and all outstanding warrants issued by Ban Joo & Company Limited (“BJC”) other than those already held or controlled by the Offeror and parties acting or deemed to be acting in concert with him (the “Offer”) under the Singapore Code on Take-overs and Mergers (the “Code”). Pursuant to the Code, the Offeror had incurred an obligation to make such an Offer as it had acquired more than 30% of the voting rights of the total issued shares of BJC. The Offer was made by the Offeror in January 2009.