RHTLaw Taylor Wessing acting for P99 Holdings Limited in the reverse takeover of an Indonesian mining infrastructure and logistics operator

Tuesday, September 29, 2015

RHTLaw Taylor Wessing is acting for P99 Holdings Limited (the “Company”) in its proposed acquisition of 95.95% of the issued share capital of Barito Pte Ltd (the “Target”) for a purchase consideration of US$163,115,000, which will be fully satisfied by way of an allotment and issuance of new consolidated shares in the Company. The proposed acquisition, on completion, will result in a reverse takeover of the Company.

The Target is an investment holding company incorporated in Singapore, and its subsidiaries are primarily involved in the business of providing infrastructural and logistics facilities to several operational coal mines located in South Kalimantan, Indonesia.

Our Capital Markets team led by Partner and Deputy Head of Capital Markets, Ch’ng Li-Ling, is advising the Company on this transaction.