Rodyk acted as Singapore counsel to Daiwa, a company listed on the Tokyo Stock Exchange, and together with certain entities held by Daiwa, in their roles as issue manager and underwriter in the initial public offering (the IPO) of Accordia Golf Trust (AGT) on the Mainboard of the Singapore Exchange Securities Trading Limited (the SGX-ST), as well as trustee-manager and asset manager of AGT, in respect of certain issues relating to the Singapore Code of Takeovers and Mergers, substantial shareholding and other Singapore regulatory matters and security agreements.
The IPO is the largest IPO on the SGX-ST in 2014, raising total gross proceeds of approximately S$758 million at the close of the IPO. AGT is also Singapore’s first business trust with golf course assets in Japan to be listed on the SGX-ST.
Corporate partner Ng Eng Leng led, supported by partner Nicholas Chong, senior associates Grace Ong, Tong Junming and associate Wong Hui Yi.
