Rahmat Lim & Partners advised Beijing Integrated Circuit Advanced Manufacturing and High-End Equipment Equity Investment Fund Center (Limited Partnership) on the acquisition.
Dagang NeXchange Bhd (DNeX) has teamed up with Beijing Integrated Circuit Advanced Manufacturing and High-End Equipment Equity Investment Fund Center (Limited Partnership) – also known as CGP Fund – to acquire Khazanah Nasional Bhd’s loss-making semiconductor unit for RM273 million cash.
The total purchase consideration is RM273 million. DNeX and CGP have also committed to a capital injection of no less than RM200 million by way of subscribing for new shares to be issued by SilTerra within 180 days from completion.
SilTerra Malaysia is a Malaysian semiconductor manufacturer.
CGP Fund was established as a private equity fund in 2014 focusing on the semiconductor industry in China.
The RL&P team was led by Partner Ho Wei Lih (Picture).
Involved fees earner: Wei Lih Ho – Rahmat Lim & Partners;
Law Firms: Rahmat Lim & Partners;
Clients: CGP Fund;