Date Published: 14 August 2018
CNPLaw LLP (“CNP”), formerly known as Colin Ng & Partners LLP, advised and acted as solicitors for Synagie Corporation Ltd. (“Synagie”) in its initial public offering (“IPO”) on the Catalist Board of the Singapore Exchange Securities Trading Limited (“SGX-ST”). The IPO of 43 million invitation shares in the capital of Synagie at S$0.27 per share raised approximately S$11.6 million in gross proceeds and S$9.8 million in net proceeds. The amount raised will be used for business expansion, including penetrating new geographical locations, investments in information technology capabilities, mergers and acquisitions and working capital.
According to Frost & Sullivan (Singapore) Pte Ltd, Synagie is South East Asia’s (“SE Asia”) leading E-commerce enabler in the Body, Beauty and Baby (“BBB”) sector and also the fastest-growing E-commerce start-up in Singapore and one of the fastest-growing in SE Asia. It has more than 250 Brand Partners in the BBB sector such as Johnson & Johnson, Kimberly-Clark and Shiseido.
Having handled transactions for numerous local and foreign companies across Asia, extending across a wide range of businesses and industries, we have accumulated significant experience advising on an extensive range of corporate finance transactions.