GuocoLeisure Holdings Limited’s S$1.094 Billion Cash Offer for GL Limited

Allen & Gledhill advised GuocoLeisure Holdings Limited and DBS Bank Ltd. on the S$1.094 billion voluntary conditional cash offer by GuocoLeisure for all the issued ordinary shares in the capital of GL Limited.

GuocoLeisure Holdings intends for the company to continue with its existing activity and has no intention to introduce any major changes to the business, redeploy GL’s fixed assets, or discontinue any existing staff’s employment other than in the ordinary course of business.

Guocoleisure Holdings is a wholly-owned subsidiary of Guoco Group Limited, an Hong Kong-based investment holding company principally engaged in investment and financial businesses.

Partners Andrew M Lim (Picture) and Christopher Ong acted for GuocoLeisure, while Partner Lee Kee Yeng assisted DBS Bank. 

Involved fees earner: Lee Kee Yeng – Allen & Gledhill LLP; Andrew Lim – Allen & Gledhill LLP; Christopher Ong – Allen & Gledhill LLP;

Law Firms: Allen & Gledhill LLP;

Clients: DBS Bank; GuocoLeisure Holdings Limited;

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Sonia Carcano

Author: Sonia Carcano