Bird & Bird advises Kingyue International and Evolve Capital on Mandatory Unconditional Cash Offer for Samko Timber
Contacts
Partner
Singapore
I am a Partner in our Corporate and Commercial Group in Singapore. I am involved in a wide range of corporate matters across various sectors, with a focus on corporate finance as well as mergers and acquisitions.
Bird & Bird ATMD LLP has advised Kingyue International Holding Pte. Ltd. (“Kingyue”) and its financial adviser, Evolve Capital Advisory Private Limited (“Evolve”), on the mandatory unconditional cash offer for all issued and paid-up ordinary shares in Samko Timber Limited (“Samko Timber”), other than those already owned by Kingyue and its concert parties.
The offer was triggered following Kingyue’s acquisition of a 66.91% stake in Samko Timber from Sampoerna Forestry Limited, in accordance with Rule 14 of the Singapore Code on Take-overs and Mergers. Samko Timber Limited is listed on the Mainboard of the Singapore Exchange (SGX).
The team, led by Singapore Corporate Partner Jolie Giouw and supported by Associate Karen Ho, advised on the transaction. The team also provided guidance on the offeror’s intentions regarding Samko Timber’s listing status and post-offer strategies.
Commenting on the transaction, lead partner Jolie Giouw said: “We are proud to have contributed to a successful outcome for Kingyue - we also congratulate Kingyue on having acquired a majority stake in an SGX listed company, and we look forward to supporting their future plans in the region.”
This transaction underscores Bird & Bird’s expertise in public M&A and capital markets.