We are active in private and public mergers and acquisitions (M&A). We regularly act for both buyers and sellers in acquisitions and disposals of shares or asset/business transfers, and our rich experience in this area allows us to manage not just domestic deals but also complex multi-jurisdictional transactions. We also advise on reverse takeovers (RTOs) and very substantial acquisitions, and delisting and privatisation exercises.

Recent notable transactions we have undertaken in this area:

• Advised SGX Mainboard listed Cosmosteel Holdings Limited on the S$65.3 million voluntary conditional cash offer for its shares by 3HA Capital Pte Ltd, completed on 1 August 2025, and subsequent compulsory acquisition and delisting, completed on 24 September 2025.
• Advised SGX Mainboard listed Cosmosteel Holdings Limited on the disposal of its warehouse in located at 90 Second Lok Yang Road for S$9,000,000, being a major transaction under Chapter 10 of the listing rules, completed 22 August 2025.
• Acted as Singapore legal advisers to Bastion Mining Pte. Ltd. and one of its consortium shareholders, Boroo Pte. Ltd. in a US$102.4 million off-market takeover for Mongolia-based and ASX and TSX dual-listed, Xanadu Mines, acquiring all the fully paid, ordinary shares issued in Xanadu Mines at A$0.08 per share, with the de-listing of Xanadu Mines completed on 6 August 2025.
• Advised SGX Mainboard listed SMI Vantage Limited on its delisting from the Mainboard pursuant to a notification of delisting issued by the Exchange under Rule 1315 of the Listing Manual of the SGX-ST, without an exit offer, approved by SMI Vantage’s shareholders on 25 March 2025 and completing on 15 May 2025.
• Advised Catalist listed GS Holdings Limited on its S$11.8 million acquisition of Octopus Distribution Networks Pte. Ltd., comprising a cash consideration of S$5.0 million and the allotment and issuance of an aggregate 166,226,912 new shares in GS Holdings Limited to the vendor, Octopus Global Hldgs Pte. Ltd at the issue price of S$0.0379, completed on 13 May 2025.
• Advised HKSE Main Board-listed and SGX secondary-listed Courage Investment Group Limited on the voluntary conditional general cash offer by the offeror, Get Nice Securities Limited, for and on behalf of the offeror, to acquire all the issued shares of Courage Investment Group Limited (other than those already owned or to be acquired by the offeror) at a price of HK$0.1094 per share, pursuant to the Hong Kong Code on Takeovers and Mergers, completed in February 2025.
• Advised SGX Mainboard-listed VibroPower Corporation Limited on the mandatory conditional cash offer by the offeror, Mr Benedict Chen Onn Meng, to acquire all the issued and paid-up ordinary shares, excluding treasury shares and those already owned, controlled or agreed to be acquired by the offeror and persons acting in concert with him at a price of S$0.02 per share, and to acquire all outstanding (or unexercised) warrants at a price of S$0.001 per warrant, pursuant to Section 139 of the Securities and Futures Act 2001 and Rule 14.1 and Rule 19 of the Singapore Code on Takeovers and Mergers, completed on 9 January 2025.
• Advised SGX Mainboard-listed Hong Lai Huat Group Limited on the disposal of HLH Agriculture (Cambodia) Co., Ltd. and HLHI (Cambodia) Company Limited for an aggregate cash consideration of US$37,500,000, payable over three tranches, to a high net-worth businessman of Cambodian nationality, completed on 5 August 2024.
• Advised SGX Catalist-listed ISEC Healthcare Ltd in the acquisition of certain strata-title units or parcels in a new building to be constructed by the Sunny Uptown Sdn. Bhd. (under the category of use of medical care) for a purchase price of RM85,778,980, approved by shareholders on 28 March 2024 and pending completion.
• Advised SGX Mainboard-listed Cosmosteel Holdings Limited and the acquisition of a warehouse in Mukim Senai, District of Kulai, State of Johor, Malaysia for a purchase price of RM21,000,000, being a major transaction under Chapter 10 of the listing rules, completed on 15 February 2024.
• Advised SGX Mainboard-listed Fabchem China Limited on their S$25.0 million proposed acquisition of Lincotrade & Associates Pte. Ltd. in consideration for the issue of 113,636,363 new shares in Fabchem China to the shareholders of Lincotrade, amounting to a reverse take-over of Fabchem China by the shareholders of Lincotrade and the proposed transfer of the listing and quotation of Fabchem China’s shares from the Mainboard of the SGX-ST to the Catalist Board of the SGX-ST, completed on 8 August 2022.
• Advised Fabchem China on the proposed S$18.0 million disposal of its entire ownership of the aggregate RMB156.0 million registered capital of it principal subsidiary, Shandong Yinguang Technology Co., Ltd (山东银光科技有限公司), to Fabchem China’s controlling shareholder, Triple Vision Pte. Ltd., being an interested person transaction under Chapter 9 of the Listing Rules of the SGX-ST, and subsequent capital reduction exercise under section 78A read with 78C of the Companies Act 1967 of Singapore, for a pro-rata cash distribution to all shareholders of Fabchem China at S$0.368 for each share, completed on 21 December 2021.

Other notable private M&A transactions which we were recently involved in:

• Advised Acclime Group on its acquisition of Crowe Singapore, a firm specialising in accounting and advisory services, completed on 30 September 2025

• Advised Advanced Micro Foundry Pte Ltd, a silicon photonics foundry, on completion mechanics in its share acquisition by Global Foundries, completed in November 2025