RL&P News 15 October 2021
Advised United Overseas Bank Limited (“UOBL”) as Malaysian counsel in respect of the bridge loan facility and term loan facility in the aggregate amount of SG$145 million granted by UOBL to Sunrise Technology Investment Holding Pte. Ltd. (“BidCo”) ( “Acquisition Financing”). The Acquisition Financing was secured by, inter alia, share charges over the entire issued shares of each of First Engineering Plastics (Malaysia) Sdn. Bhd. and Sunningdale Tech (Malaysia) Sdn. Bhd. The proceeds from the Acquisition Financing were utilised by BidCo to finance BidCo’s acquisition of Sunningdale Tech Ltd. by way of a scheme of arrangement.
Advising United Overseas Bank Limited was Partner Kelvin Loh.