Date Published: 14 May 2018
CNPLaw LLP, formerly known as Colin Ng & Partners LLP, acted for Integra Holdings Pte. Ltd. (“Integra”) on the sale of 51% of Granite Capital SA (“Granite”) to Zibo Qixiang Tengda Chemical Co., Ltd, through its wholly owned subsidiary, Qi Xiang Teng Da Supply Chain Hong Kong Limited, for a cash consideration of US$ 36 million.
Granite is a Swiss based leading petrochemical commodity trader established since 1989. Zibo Qixiang Tengda Chemical Co., Ltd is engaged in R&D, production and distribution of fine chemicals and is listed on the Shenzhen Stock Exchange. The implied equity value of the target in this transaction is over US$ 70 million.
Each M&A deal entails the confluence of multiple legal disciplines. That is why we take great care when assembling a team for each deal, ensuring that there is an optimal mix of specialisation in the clients’ identified areas of concern, such as tax, employment and intellectual property, and necessary industry-specific experience.
We provide support to our clients at every stage of the deal. We will be there at the beginning of the process, helping to facilitate the negotiations between the parties and advising on the structure of the transaction. Once the parties have reached a consensus, we meticulously prepare the necessary documentation. Recognising that M&A deals are often the first page of a new chapter for the parties involved, we also provide post-transaction support to ensure a smooth transition such as the preparation of shareholder agreements, employment agreements, and other relevant commercial documentation.