Jan 2025
Conyers is acting as Bermuda counsel to OKH Global Ltd. in connection with its proposed acquisition of 100% of the issued share capital of Chip Eng Seng Construction Pte. Ltd for approximately S$118.5 million, subject to adjustment in accordance with the terms of the sale and purchase agreement (“SPA”).
The final consideration amount is to be satisfied by the issue of new shares by OKH Global Ltd. to the vendors. The transaction was announced on 4 December 2024 and completion of the acquisition is subject to conditions precedent in the SPA.
Founded in 1998 and based in Singapore, OKH Global Ltd. and its subsidiaries form a group specializing in the development of logistics and industrial properties.
Counsel Stacie Seetho and Legal Manager Yee Fung Ng of Conyers’ Singapore office advised on the matter, working alongside WongPartnership LLP.