Colin Ng & Partners LLP advised and acted for UOB, the Sponsor and Issue Manager and Placement Agent in the listing of Wong Fong Industries Limited

Subramanian PillaiPartner, CNPLaw LLP

Colin Ng & Partners LLP (“CNP“) advised and acted as the solicitors for United Overseas Bank Limited (“UOB”), the Sponsor and Issue Manager and Placement Agent in the initial public offering (“IPO”) of Wong Fong Industries Limited (“Wong Fong Industries”) on the Catalist Board of the Singapore Exchange Securities Trading Limited (the “SGX-ST”). The IPO, by way of placement of 43 million shares in the capital of Wong Fong Industries at S$0.23 per share (“Issue Price”), raised approximately S$8 million in net proceeds. The market capitalisation of Wong Fong Industries following the IPO is approximately $54.1 million, based on the Issue Price and post-placement share capital of 235 million shares.

Wong Fong Industries, with origins which can be traced back to 1964, is one of Singapore’s leading providers of land transport engineering solutions and systems and has a presence in Singapore, Malaysia and China. 

Joint Managing Partner, Ms Tan Min-Li and Partner, Mr Stephen Soh, together with Associates Ms Ho Li-Ling, Ms Chloe Song, Mr Loh Yong Hui andForeign Associate, MsReiko Fukushima advised UOB on the transaction. Dentons Rodyk & Davidson LLP acted as solicitors to the placement and Wong Fong Industries.

 

For more information, please contact:

Gillian Chan

Corporate Communications Manager

Colin Ng & Partners LLP

DID: 6349 8756

Fax: 6323 8282

E-mail: [email protected]             

 

ABOUT COLIN NG & PARTNERS LLP

Established in 1988, Colin Ng & Partners LLP provides Singapore law advice across Asia. Our business reflects Singapore’s position as a hub for trade, services and investment flows into Asia and as a forum for arbitration and litigation of international disputes.

CNP is consistently recognised as being amongst the top law firms in Singapore by leading legal publications such as Asia Pacific Legal 500, International Financial Law Review 1000 and AsiaLaw Profiles and Merger markets.

 

Our services include Banking, Finance and Restructuring, Capital Markets and SGX, Funds and Financial Services, Dispute Resolution and International Arbitration, Employment, Intellectual Property, Mergers and Acquisitions, New Media and Entertainment, Private Client, Private Equity, Professional Liability and Insurance, Real Estate, Tax and Technology