Overview

We have considerable experience advising on capital market transactions including initial public offerings (IPO), secondary offerings such as placements and rights issues, as well as the establishment and implementation of employee share schemes for both domestic and multi-national companies. We work closely with our clients to provide practical advice on the structuring of the offering, the due diligence process, the drafting of the offering documents and transaction agreements (including underwriting and placement agreements) and preparing the relevant regulatory application documents.

Our Services

We have advised both the underwriters and the issuer in deals which have shaped the market and are highly experienced in collaborating with international counsels on Regulation S / Rule 144A offerings. Our experience in equity capital market transactions involves some of Malaysia’s largest IPOs in recent years and spans across various sectors including oil & gas, financial institutions, technology, retail chains, semiconductor, manufacturing industry and real estate investment trust.

Our Deal Experience:

Initial Public Offering

• Acting as the issuer’s counsel for the IPO of Farm Fresh Berhad on the Main Market of Bursa Malaysia Securities Berhad in 2022 with market capitalisation of RM2.5 billion upon listing.
• Acting as the issuer’s counsel for the IPO of CTOS Digital Berhad on the Main Market of Bursa Malaysia Securities Berhad in 2021 with market capitalisation of RM2.4 billion upon listing
• Acting as the underwriters’ counsel for the IPO of MR D.I.Y. Group (M) Berhad on the Main Market of Bursa Malaysia Securities Berhad in 2020 with market capitalisation of RM10.0 billion upon listing
• Acting as the issuer’s counsel for the IPO of Lotte Chemical Titan Holding Berhad on the Main Market of Bursa Malaysia Securities Berhad in 2017 with market capitalisation of RM16.0 billion upon listing
• Acting for Ranhill Holdings Berhad (now known as Ranhill Utilities Berhad) in relation to a scheme of arrangement involving Symphony House Berhad and the public offering of Ranhill Holdings Berhad on the Main Market of Bursa Malaysia Securities Berhad in 2016
• Advising CIMB Investment Bank Berhad, Credit Suisse (Singapore Limited), Maybank Investment Bank Berhad, RHB Investment Bank Berhad, JPMorgan Securities (Malaysia) Sdn Bhd and J.P. Morgan Securities plc and 15 other joint underwriters as the underwriters’ counsel for the IPO of Malakoff Corporation Berhad
• Advising KLCC Real Estate Investment Trust in conjunction with the listing of its stapled securities (comprising the stapling of ordinary shares in KLCC Property Holdings Berhad and units in KLCC Real Estate Investment Trust) on the Main Market of Bursa Malaysia Securities Berhad, it being the first issue of its kind in Malaysia in 2012
• Advising CIMB Investment Bank Berhad, Maybank Investment Bank Berhad, Morgan Stanley & Co. International plc and 15 other joint underwriters as the underwriters’ counsel for the IPO of Felda Global Ventures Holdings Berhad in 2012
• Acting as the underwriters’ counsel for the IPO of PETRONAS Chemicals Group Berhad in 2010
• Acting as the issuer’s counsel for the IPO of Malaysia Marine & Heavy Engineering Holdings Berhad on the Main Market of Bursa Malaysia Securities Berhad in 2010
• Advising as the underwriters’ counsel for the IPO of Maxis Berhad in 2009

Private placement

• Advising CIMB Investment Bank Berhad, Credit Suisse Securities (Malaysia) Sdn Bhd, Credit Suisse (Singapore) Limited, JPMorgan Securities (Malaysia) Sdn Bhd, J.P. Morgan Securities plc, Maybank Investment Bank Berhad, RHB Investment Bank Berhad in respect of the RM846.4 million private placement by Hyptis Limited of its existing shares in MR D.I.Y. Group (M) Berhad in 2021
• Advising JPMorgan Securities (Malaysia) Sdn Bhd, J.P. Morgan Securities PLC and Maybank Investment Bank Berhad in respect of the RM1.77 billion private placement by PETRONAS of its existing shares in MISC Berhad in 2020
• Advising JPMorgan Securities (Malaysia) Sdn Bhd, J.P. Morgan Securities PLC and Maybank Investment Bank Berhad in respect of the RM996.8 million private placement by PETRONAS of its existing stapled securities in KLCCP Stapled Group in 2020
• Advising JPMorgan Securities (Malaysia) Sdn Bhd, J.P. Morgan Securities PLC and Maybank Investment Bank Berhad in respect of the RM1.05 billion private placement by Khazanah Nasional Berhad of its existing shares in Tenaga Nasional Berhad in 2019

Rights Issue

• Advising Airasia Group Berhad in respect of its RM974.5 million rights issue in 2021
• Advising CIMB Investment Bank Berhad, Hong Leong Investment Bank Berhad, Kenanga Investment Bank Berhad and KAF Investment Bank Berhad in respect of RM750 million rights issue by Icon Offshore Berhad in 2020
• Advising RHB Investment Bank Berhad, Affin Hwang Investment Bank Berhad, CIMB Investment Bank Berhad, Credit Suisse Securities (Malaysia) Sdn Bhd, Maybank Investment Bank Berhad and Public Investment Bank Berhad in respect of the RM517.7 million rights issue by RHB Capital Berhad in 2015