Rajah & Tann acted for OBG & Sons Pte Ltd on the transaction.
Tye Soon Limited’s controlling shareholder, OBG & Sons Pte Ltd, which holds 45,064,359 ordinary shares comprising 51.64% of the issued and paid up capital of the Company, has entered into a conditional sale and purchase agreement with Bapcor Asia Pte. Ltd., to sell 21,816,257 ordinary shares comprising 25% of the issued and paid up capital of the Company to the Purchaser on the terms and conditions set out in the SPA.
The aggregate consideration payable by the Purchaser for the Sale Shares is approximately S$12.5 million.
The Rajah & Tann team comprised of Patner Danny Lim (Picture) and Penelope Loh.
Law Firms: Rajah & Tann LLP;
Clients: OBG & Sons Pte Ltd;