Stamford Law is advising Catalist-listed Asia-Pacific Strategic Investments Ltd in respect of a S$568.0 million (US$454 million) reverse takeover by Bright Eagle Enterprises Group Limited, an engineering solutions provider in the power generation industry. The proposed deal will give APS 100% ownership of two joint development agreements secured by BEEGL involving the conversion of up to seven fuel oil-based generation units into coal-based power generators in Pakistan. The transaction will involve the disposal of APS’ current bereavement care services businesses as part of the purchase consideration. Partner YAP Wai Ming is leading the transaction, which was announced on 17 April 2012.
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