Stamford Law is advising Mainboard-listed Ocean Sky International Limited on a S$372 million reverse takeover of the ChiwayLand Group. The ChiwayLand Group is one of the leading property developers involved in the development, project management and sale of residential and commercial properties in the Yangtze River Delta region of the People’s Republic of China. The transaction will also involve the proposed disposal of certain of Ocean Sky’s existing businesses for a maximum consideration of S$63 million, and is subject to the entry into of definitive documentation.
The Stamford Law team was led by Bernard LUI and LIM Swee Yong.
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