Kudun and Partners has represented Thammasat University on the preparation of the licensing agreement with Antitoxin, a German company founded in 1966, which specializes in the development of certified blood-typing reagents for automated and manual applications. Through this collaboration, the research team in Thailand aims to further develop advanced biomedical technologies (Deep Tech) and envisions bringing the university’s research on biomolecular science to the international market. Partner Kongkoch Yongsavasdikul led the firm’s team in the transaction. Kudun and Partners has also represented Meticuly on the series B funding for AI technology software to design medical implants and improve the bone surgery process to enhance patients’ personalized care. Meticuly is a Thailand-based start-up that provides 3D-printing medical technology on personalized implant solutions for bone-related surgeries. Partner Kongkoch Yongsavasdikul also led the firm’s team in the transaction. Allen & Gledhill has acted as transaction counsel for JK Global Treasures on its S$926.48 million (US$687.4m) voluntary unconditional cash offer for Fragrance Group. Following the close of the offer on September 10, 2021, Fragrance Group was delisted in Singapore on October 6, 2021. Partner Lee Kee Yeng led the firm’s team in the transaction. Allen & Gledhill has also advised Credit Suisse (Singapore), DBS Bank and United Overseas Bank, as dealer managers, on the tender offer exercise by Tuan Sing Holdings of the outstanding 7.75 percent notes due 2022, under its S$900 million (US$668m) multicurrency medium term note program. Tuan Sing invited the holders of the existing notes to offer to sell for cash to Tuan Sing, in an amount not exceeding the maximum acceptance amount, all or some of the outstanding existing...

Allen & Gledhill has advised Oversea-Chinese Banking Corporation, as arranger, and DBS Bank and United Overseas Bank, as dealers, on the establishment of a S$1 billion (US$741m) multicurrency medium term note program and issue of US$650 million sustainability-linked notes by Nanyang Technological University (NTU). The notes were issued under NTU’s sustainability-linked bond framework, which was prepared in line with the Sustainability-Linked Bond Principles 2020 by the International Capital Market Association. Partners Margaret Chin and Sunit Chhabra led the firm’s team in the transaction. Allen & Gledhill has also advised Mapletree Logistics Trust Management, as manager of Mapletree Logistics Trust, on the issue of S$400 million (US$296.4m) 3.725 percent fixed rate perpetual securities, under its S$3 billion (US$2.22b) euro medium term securities program. Partner Glenn Foo led the firm’s team in the transaction. Allen & Overy has advised the joint lead managers and joint book-runners, namely Bank of China, Bank of Communications, China Construction Bank, China International Capital Corporation, ICBC, BofA Securities, Citigroup, Crédit Agricole CIB, CTBC Bank, Deutsche Bank, Goldman Sachs, JP Morgan, Mizuho Securities and Standard Chartered Bank, on the multi-tranche Reg S and Rule 144A offering of US$4 billion sovereign bonds by China’s Ministry of Finance. The issuance comprises four tranches: 1) US$1 billion three-year bonds; 2) US$1.5 billion five-year bonds; 3) US$1 billion ten-year bonds; and, 4) US$500 million 30-year bonds. This is another significant issuance by the Ministry of Finance, and its second Reg S and Rule 144A US dollar offering. The firm also advised on the country’s first US dollar bond offering open to US investors in October 2020. Partners Agnes Tsang, Jaclyn Yeap...

Allen & Gledhill has acted as transaction counsel to DBS Bank, United Overseas Bank and Sumitomo Mitsui Banking Corporation Singapore Branch, as the mandated lead arrangers and book-runners, on the S$1.8 billion (US$1.3b) term loan facility to Boulevard View to finance its acquisition of the Marina View white site located in Singapore’s Central Business District. The white site, intended for a mixed-used development with residential, hotel, commercial and/or serviced apartments, can yield 905 private homes, 2,000 square meters in gross floor area of commercial space and 540 hotel rooms. Partner Lim Wei Ting led the firm’s team in the transaction. Allen & Gledhill has also acted as transaction counsel to Oversea-Chinese Banking Corporation, CIMB Bank Singapore Branch, Qatar National Bank Singapore Branch, The Bank of East Asia Singapore Branch and The Hongkong and Shanghai Banking Corporation Singapore Branch, as the mandated lead arrangers, on the S$540 million (US$401m) sustainability-linked term and revolving credit facilities to DBS Trustee, as trustee of OUE Commercial Real Estate Investment Trust. The facilities will be used for financing the capital expenditure, working capital requirements and other general corporate funding purposes. OCBC was also appointed as sustainability adviser. Partner Lim Wei Ting also led the firm’s team in the transaction. AZB & Partners has advised Amansa Investments and Steadview Capital Mauritius on their Rs26.23 billion (US$350m) acquisition of equity stake, via Series G pre-IPO funding round, in API Holdings, a company involved in the operation of online healthcare and medicine delivery platform “PharmEasy”. Partners Vaidhyanadhan Iyer and Vasudha Asher led the firm’s team in the transaction, which was signed on September 27, 2021 and completed...

Allen & Gledhill has advised the Housing and Development Board on the issue of S$900 million (US$670m) 1.54 percent fixed rate notes due 2028, under its S$32 billion (US$23.8m) multicurrency medium term note programme. Partners Margaret Chin and Sunit Chhabra led the firm’s team in the transaction. Allen & Gledhill has also acted as transaction counsel to Sembcorp Industries (SCI) on the inaugural issue by Sembcorp Financial Services (SFS) of S$675 million (US$502m) 2.66 percent sustainability-linked notes due 2032, under the S$3 billion (US$2.23b) multicurrency debt issuance programme established by SCI and SFS. The payment obligations of SFS under the notes will be unconditionally and irrevocably guaranteed by SCI. This is Sembcorp group’s first sustainability-linked bond. The sustainability-linked notes is the first for the energy sector in Southeast Asia, and the region’s largest such issuance as of September 29, 2021. This offering is also anchored by a S$150 million (US$111.5m) investment from International Finance Corporation (IFC), a member of the World Bank Group. It marks IFC’s first investment globally in sustainability-linked notes. Partners Bernie Lee and Sunit Chhabra led the firm’s team in the transaction. Ashurst has represented ITOCHU Corporation on the HK$7 billion (US$900m) privatization of CP Pokphand. CPF Investment made an offer to privatise CP Pokphand, via scheme of arrangement, for HK$7 billion (US$900m). ITOCHU is a 25 percent shareholder in CP Pokphand, and has agreed with CPF Investment to roll over its stake after completion of the privatisation. ITOCHU will continue to play a strategic role and contribute to the sustainable development and growth of the company. The rollover arrangement between CPF Investment and ITOCHU amounts to a special...

Featured Deals: Kudun and Partners has represented Perceptra on the seed fund raising to develop AI technology to assist doctors in medical diagnosis. Perceptra is a deep tech startup, providing AI services to assist doctors in medical diagnosis. Its AI platform, Inspectra, delivers radiologist-level image analysis in real-time, flagging hard-to-spot anomalies, and provides quantitative abnormality scores that enable precise diagnosis. Partner Kongkoch Yongsavasdikul led the firm’s team in the transaction. Kudun and Partners has also represented My Health Group on the series A funding for AI technology research, various systems that assist hospitals and medical staff, and offer apps for health care systems during the COVID-19 pandemic. My Health Group is a pioneer in providing innovative medical services for Thai people’s health, offering many solutions, such as myHealthFirst, myhealthWorld, myHealthMob, myHealhPeek, myHealthRoom and myHealthQue. Partner Kongkoch Yongsavasdikul also led the firm’s team in the transaction.   Allen & Gledhill has acted as transaction counsel to HSBC Insurance (Asia-Pacific) Holdings, an indirect wholly-owned subsidiary of HSBC Holdings, on its US$575 million acquisition of 100 percent of the issued share capital of AXA Insurance. Partners Lim Chong Ying, Tham Kok Leong, Eugene Ho, Daren Shiau, Elsa Chen, Catherine Neo, Tan Zhi Feng and Lim Pek Bur led the firm’s team in the transaction, which is subject to regulatory approval. Allen & Gledhill has also acted as transaction counsel to Sequoia Capital India on its participation in the US$120 million Series E financing round of Moglix. An online business-to-business marketplace in India focusing on industrial supplies, Moglix serves more than 150,000 small and medium-sized enterprises, and lists more than 500,000 stock keeping...