Conyers provided Cayman Islands legal advice and BVI legal advice to Trans-China Automotive Holdings Limited (“Trans-China Automotive”) in connection with its listing on the Catalist of the Singapore Exchange Securities Trading Limited (“SGX-ST”) in Singapore and its initial public offering (the “Invitation”) of an aggregate of 85,000,000 ordinary shares of par value US$0.01 each (the “Invitation Shares”) of Trans-China Automotive, comprising 2,900,000 Invitation Shares by way of public offer and 82,100,000 Invitation Shares by way of placement.
Trans-China Automotive and together with its subsidiaries (the “Group”) is an automobile dealership group with operations in the People’s Republic of China (“PRC”). The Group specialises in the business of automobile dealerships in the premium and ultra-premium market segment in the PRC, which includes (i) the sale of automobiles; and (ii) the provision of after-sales services. As an ancillary business, the Group also provides automobile agency services in the PRC.
Trans-China Automotive was listed on the Catalist of the SGX-ST on 11 November 2021.
Director Preetha Pillai, together with Counsel Stacie Seetho, Associate Li Yan and Paralegal Fadhilah Tan of Conyers’ Singapore office advised on the matter, working alongside Rajah & Tann Singapore LLP, Jingtian & Gongcheng and Deacons.