Stamford Law is advising Asian Micro Holdings Limited (AMHL) in respect of the acquisition of the entire issued and paid-up share capital of Oxley Global Limited (Oxley), for an aggregate consideration of S$210 million, which shall be satisfied by way of issuance and allotment of 1,050,000,000 new ordinary shares at an issue price of S$0.20 per share in AMHL to the shareholders of Oxley. The transaction, if proceeds to completion, will result in a change in control in AMHL, and will constitute a reverse-takeover of AMHL.
AMHL, a company listed on the Catalist of SGX-ST, is engaged principally in the activities of natural gas vehicles conversion, tray-recycling services, manufacturing of clean room grade polythene packaging materials and trading in clean room supplies.
Oxley, a company incorporated in the Cayman Island, is the holding company of the Oxley Group of companies, a multi family office firm, involved in specialised investment trusts, advisory services, private equity and asset management, across the Asia-Pacific Region and other jurisdictions.
The Oxley Group is involved in real estate investment trusts (“REITs”), business trusts and syndicates, currently under management or in execution. In Singapore it is one of the three sponsors of the Cambridge Industrial Trust Management Limited (“CITM”), along with National Australia Bank Group and Mitsui & Co. Ltd, which have ownership interests of 24%, 56% and 20% respectively, in CITM. CITM is the manager of the Cambridge Industrial Trust, an industrial REIT with assets under management of more than S$1.0 billion, listed on the SGX-ST.
Leading the Stamford Law deal team are Yap Lian Seng and Elizabeth Kong.
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