|ZICO Law advised Bursa-listed Serba Dinamik Holdings Berhad (“SDHB”) in the S$57.67 million acquisition and related financing, through its wholly-owned subsidiary Serba Dinamik International Ltd, of 128,166,250 shares, representing a stake of 24.84% in SGX Mainboard-listed CSE Global Limited, in a married deal completed on 13 April 2018.
SDHB are an international energy services group providing engineering solutions to the O&G and power generation industries with operational facilities in Malaysia, Indonesia, UAE, Bahrain and the UK. The CSE Global group provides total integrated industrial automation, telecommunications and environmental solutions projects, operating a network of 41 offices in 17 countries across the globe, with over 1,100 employees worldwide. The Proposed Acquisition is part of the SDHB group’s overall strategy to expand its geographical footprint in the areas where CSE Global has presence, which include countries that the SDHB Group does not have presence in, namely the USA, Mexico, Australia and New Zealand.
ZICO Insights Law LLC director, Gregory Chan and Zaid Ibrahim & Co. partners, Mohd Sofiyuddin Ahmad Tabrani, David Lee and Muhammad Zukhairi led the ZICO Law team, assisted by ZICO Law associates Ho Li-Ling, Lee Siu Ting and Sanjeve Prakasam.