Partner

Andy
Teoh Tuck Wah

Tel : +603-2780 2842
Email : andy.teoh@kaaplaw.com

Andy Teoh Tuck Wah is a Partner at KAAP, with extensive experience in mergers and acquisition, capital markets, financial service advisory, corporate real property (including real estate investment trusts) and general corporate advisory and transactional matters.

He has been involved in a wide spectrum of domestic and cross-border transactions including the reverse take-over of Quill Capita Trust, the joint venture arrangement for Bandar Malaysia and the reverse take-over of Ranhill Energy and Resources Berhad, leading to the listing of Ranhill Holdings Berhad.

AREAS OF FOCUS

Mergers & Acquisitions

REITs

Private Equity

Equity Capital Markets

QUALIFICATIONS

  • Bachelor of Laws from Australian National University (2013)
  • Bachelor of Commerce (Accounting) from Australian National University (2013)
  • Certificate of Legal Practice (2013)

ADMISSIONS & MEMBERSHIPS

  • Malaysian Bar (2014)
  • Admitted as solicitor of Supreme Court of New South Wales, Australia

EXPERIENCE

  • Acted as counsel to Etika Automotive Sdn Bhd in a joint venture arrangement with Zhejiang Geely Holding Group Co., Ltd to acquire 100% equity interest in Lotus Advance Technologies Sdn Bhd from Proton Holdings Berhad
  • Acted as counsel to GS Paperboard & Packaging Sdn Bhd in a joint venture arrangement with Worldwide Holdings Berhad to construct raw water treatment plant and waste water treatment plant in Kuala Langat, Selangor and the total contract value for both of the water treatment plants is approximately RM96 million
  • Acted as counsel to China Railway Group Ltd in a joint venture arrangement with Iskandar Waterfront Holdings (IWH) to acquire 60% equity interest in Bandar Malaysia for RM7.41 billion from 1MDB Real Estate Sdn Bhd
  • Advised the vendors cum founders of a plastic moulding/manufacturing group in the disposal of 70% interest in such group to a renowned Japanese private equity fund through its special purpose vehicle for a total consideration of approximately RM223,302,400.00
  • Acted as counsel to one of the largest independent equipment leasing companies in the world, to acquire a Malaysian-based equipment leasing company
  • Acted as counsel to Central Global Berhad (“CGB”) on the acquisition of remaining 30% equity interest in RYRT International Sdn Bhd from RYRT Holdings Sdn Bhd for a purchase consideration of RM13.26 million to be wholly satisfied via issuance of 10,200,000 new CGB shares
  • Acted as solicitors for the joint global coordinators, joint bookrunners and joint underwriters as to Malaysian law in relation to the initial public offering of up to 937,500,000 ordinary shares in Leong Hup International Berhad (“LHI Shares”) at RM1.10 per LHI Share to raise about RM1.03 billion (US$250 million) which is the largest IPO in Malaysia in 2019
  • Acted as counsel to Ranhill Energy and Resources Berhad (“Ranhill Energy”) for the back-door listing of its wholly-owned subsidiary, Ranhill Holdings Berhad. The initial public offering involved a reverse take-over using Symphony House Berhad’s listing status is an alternative route allowing Ranhill Energy or its subsidiary to assume a listing status
  • Acted as issuer counsel in relation to the initial public offering of up to 2,153,459,200 new ordinary shares in Eco World International Berhad (“EWI Shares”) at RM1.20 per EWI Share to raise about RM2.584 billion in 2017
  • Acted as solicitors for joint global coordinators, joint bookrunners and joint underwriters as to Malaysian law in relation to the listing and offering of up to 573,715,301 ordinary shares in Sunway Construction Group Berhad
  • Acted as Malaysian counsel of Ever Smart International Holdings Limited (“Company”) in relation to the initial public offering and listing of the Company’s shares on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited
  • Acted as counsel to Central Global Berhad (“CGB”) on the share split involving the subdivision of every 1 existing ordinary shares in CGB into 4 subdivided CGB shares and the issuance of up to 275,165,870 free Warrants B in CGB
  • Acted as counsel to Central Global Berhad (“CGB”) on the acquisition of remaining 30% equity interest in RYRT International Sdn Bhd from RYRT Holdings Sdn Bhd for a purchase consideration of RM13.26 million to be wholly satisfied via issuance of 10,200,000 new CGB shares
  • Acted as counsel to Quill Capita Trust (now known as Sentral REIT) (“QCT”) on its acquisition of Platinum Sentral office building in KL Sentral for a total purchase consideration of RM740 million satisfied in a combination of cash and consideration units of QCT. The transaction was the first reverse takeover of real estate investment trust in Malaysia
  • Acted as counsel to Sentral REIT on its disposal of Quill Building 5, an office building in Cyberjaya to Deriv Sdn Bhd for a total disposal consideration of RM45 million fully satisfied in cash
  • Acted as counsel to MRCB-Quill REIT (now known as Sentral REIT) (“MQREIT”) on its acquisition of a 33-storey office tower known as Menara Shell located at KL Sentral from a subsidiary of its major unitholder, Malaysian Resources Corporation Berhad, MRCB for a total purchase consideration of RM640 million fully satisfied in cash
  • Acted as counsel to Al-Salam Real Estate Investment Trust (“Al-Salam REIT”) on its acquisition of 22 properties located across Malaysia from 3 subsidiaries of its major unitholder, Johor Corp for a total purchase consideration of RM115 million fully satisfied in cash
  • Acted as counsel to Al-‘Aqar Healthcare REIT (“Al-Aqar REIT”) on its acquisition of KPJ Batu Pahat Specialist Hospital for RM78 million for a total purchase consideration of RM78 million fully satisfied in cash
  • Acted as counsel to MRCB-Quill REIT (now known as Sentral REIT) (“MQREIT”) on its disposal of Quill Building 8, an office building in Klang Valley to Transmark Corporation Sdn Bhd for a total disposal consideration of RM28 million fully satisfied in cash
  • Acted as counsel to SENTRAL REIT on the acquisition of a 27-storey office tower known as Menara CelcomDigi located at Petaling Jaya from a subsidiary of its major unitholder, Malaysian Resources Corporation Berhad, MRCB for a total purchase consideration of RM450 million fully satisfied in cash
  • Acted as counsel to Menara ABS Berhad on the disposal of a 22-storey office tower known as Menara TM Semarak located at Kuala Lumpur to Titijaya Land Berhad’s wholly owned subsidiaries for a total consideration of RM72 million
  • Acted as counsel to a private company on its acquisition of 19-storey office tower known as Menara HSBC located at Kuala Lumpur from HSBC Bank Malaysia Berhad
  • Acted as counsel to SENTRAL REIT on its disposal of a piece of freehold land and an office building known as Wisma Sentral Inai to Turiya Properties Sdn Bhd for a total purchase consideration of RM135,000,000.00;
  • Acted as counsel to SENTRAL REIT on its acquisition of 38 retail units and 1,432 car park bays known as Arcoris Plaza located at Mont Kiara from Arcoris Sdn Bhd for a total purchase price of RM70,000,000.00.
  • Acted as counsel to Etika Automotive Sdn Bhd in a joint venture arrangement with Zhejiang Geely Holding Group Co., Ltd to acquire 100% equity interest in Lotus Advance Technologies Sdn Bhd from Proton Holdings Berhad
  • Acted as counsel to China Railway Group Ltd in a joint venture arrangement with Iskandar Waterfront Holdings (IWH) to acquire 60% equity interest in Bandar Malaysia for RM7.41 billion from 1MDB Real Estate Sdn Bhd
  • Acted as Malaysian counsel of Ever Smart International Holdings Limited (“Company”) in relation to the initial public offering and listing of the Company’s shares on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited
  • Advised the vendors cum founders of a plastic moulding/manufacturing group in the disposal of 70% interest in such group to a renowned Japanese private equity fund through its special purpose vehicle for a total consideration of approximately RM223,302,400.00
  • Acted as counsel to one of the largest independent equipment leasing companies in the world, to acquire a Malaysian-based equipment leasing company

Acted as counsel to Etika Automotive Sdn Bhd in its joint venture with Zhejiang Geely Holding Group Co., Ltd to acquire 100% equity interest in Lotus Advance Technologies Sdn Bhd from Proton Holdings Berhad; to China Railway Group Ltd in its joint venture with Iskandar Waterfront Holdings to acquire 60% equity interest in Bandar Malaysia for RM7.41 billion from 1MDB Real Estate Sdn Bhd

Advised Al-Salam REIT on the acquisition of 22 properties from Johor Corp subsidiaries for RM115 million, Al-Aqar Healthcare REIT on the RM78 million acquisition of KPJ Batu Pahat Specialist Hospital, Menara ABS Berhad on the disposal of Menara TM Semarak for RM72 million, and a private company on the acquisition of Menara HSBC from HSBC Bank Malaysia Berhad.

Acted on numerous capital markets and financing transactions, including major initial public offerings and debt programmes. Represented joint global coordinators, bookrunners and underwriters on the RM1.03 billion IPO of Leong Hup International Berhad, the largest IPO in Malaysia in 2019, and on the listing of Sunway Construction Group Berhad.

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