Harry Elias Partnership LLP (HEP) acted as legal counsel to Singapore Windsor Holdings Limited (Singapore Windsor) in the mandatory unconditional cash offer by Mr Ho Kwok Wai, a transaction valued at approximately $22 million.
Provenance Capital Pte. Ltd. on behalf of Mr Ho Kwok Wai announced a mandatory unconditional cash offer of S$0.18 per share on 13 September 2013 after Mr Ho Kwok Wai entered into a sale and purchase agreement with President Group Limited to acquire 90,400,000 ordinary shares in the capital of Singapore Windsor.
Following completion of this acquisition on 18 September 2013, Mr Ho Kwok Wai, together with his concert parties, own, control or have agreed to acquire an aggregate of 90,400,000 Shares, representing approximately 73.86% of the total number of Singapore Windsor shares.
Singapore Windsor, which has been listed on the SGX-ST since 10 April 2006, has over 1,000 staff and eight production facilities located in manufacturing hubs of Shenzhen, Kunshan, Wuhan and Qinhuangdao in China. Singapore Windsor serves component and printed circuit board makers in the dynamic end-product markets of telecommunications, automobile and consumer electronics.
HEP Corporate Partner Claudia Teo led the transaction.