Leading Australian independent firm, HWL Ebsworth Lawyers, is advising Linc Energy (ASX: LNC; OTCQX: LNCGY) on its proposed de-listing from the Australian Securities Exchange (ASX) and immediate re-listing on the Main Board of the Singapore Exchange (SGX). The proposed transaction, announced to the ASX on 2 October, is subject to shareholder and regulatory approvals.
A team based in HWL Ebsworth’s Brisbane office is providing Linc Energy with all corporate legal advice in relation to the proposed switch of bourse. Matthew Reynolds (partner) is providing corporate and strategic advice while Andrew Bruton (partner) has been running the complex due diligence investigations. Shareholders are to vote on the plan at an Extraordinary General Meeting on 6 November in Brisbane.
According to the ASX announcement, Linc Energy believes that the Singapore Exchange will help it to better capitalise on its oil, gas and coal assets and its underground coal gasification technology for shareholders’ benefit. Singapore has a growing reputation as a capital markets and regional energy hub, and an SGX listing provides an exciting opportunity for Linc Energy to expand its investor base and enhance its access to international energy investors. Linc Energy plans to retain its headquarters in Brisbane, Australia.
The transaction is one of several significant announced deals in recent months on which HWL Ebsworth’s team is involved, including the 99 Wuxian IPO, acquisition of NSC by Telstra and Taralga Wind Farm project.
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