Partner
Joshua
Eng Boon Giap
Tel : +603-2780 2931
Email : joshua.eng@kaaplaw.com
Joshua Eng is a partner of Kadir Andri & Partners.
His area of practice covers mergers and acquisitions, equity capital markets, private equity and corporate reorganisations.
He has been involved in numerous local and cross border transactions and reorganisations involving private and public listed group of companies.
AREAS OF FOCUS
Mergers & Acquisitions
Group Reorganisations
Equity Capital Markets
Private Equity
QUALIFICATIONS
- Bachelor of Laws (Honours) from the University of Reading (2012)
- Barrister-at-Law, Inner Temple
ADMISSIONS & MEMBERSHIPS
- Bar of England and Wales (2013)
- Malaysian Bar (2014)
EXPERIENCE
Mergers & Acquisitions
- Acted for Permodalan Nasional Berhad on the sale of its stake in UMW Holdings Berhad (UMW) to Sime Darby for approximately RM3.3 billion, which triggered an obligation on the buyer to undertake a MGO resulting in the privatisation of UMW
- Acted for EduEdge Equities Sdn Bhd on the sale of its stake in SEG International Berhad to Tan Sri Clement Hii for approximately RM113 million, which triggered an obligation on the buyer to undertake a MGO
- Acted for Kwantas Corporation Berhad on its privatisation by way of selective capital reduction for approximately RM 205 million
- Acted for KDYTM Tengku Abdullah Al-Haj Ibni Sultan Haji Ahmad Shah Al-Musta’in Billah on his privatisation of Tanah Makmur Berhad by way of selective capital reduction for approximately RM 301 million
- Advised DRB-HICOM Berhad and its wholly owned subsidiary, Composites Technology Research Malaysia Sdn Bhd in relation to the acquisition of Spirit AeroSystems Malaysia Sdn Bhd for approximately USD 110.62 million in a competitive auction process
- Acted for Asia Honour (Hong Kong) Limited on its acquisition of Malaysian Newsprint Industries Sdn Bhd (“MNI”), a company involved in the business of manufacturing and sale of newsprint and related paper products for approximately RM400 million. MNI was undergoing creditors’ voluntary liquidation but the acquisition resulted in MNI terminating its voluntary liquidation status and thereafter, operating as a company of going concern
- Acted for the buyer on its acquisition of shares in companies across Malaysia and Indonesia that are involved in the businesses of palm oil milling, kernel crushing, engineering services and contract work, water treatment and waste water management and general trading for approximately USD103 million
- Acted for LGB Group (Hong Kong) Limited, on its acquisition of shares in companies across Malaysia, Hong Kong and China that are involved in the business of the management, operation or maintenance of wastewater treatment plant from Taliworks Corporation Berhad for USD54.6 million
- Acted for the seller on the disposal of its 35% equity interests in SWM Environment Holdings Sdn Bhd, a waste management company in Malaysia to Taliworks Corporation Berhad for RM245 million
- Acted for Integrated Logistics Berhad on the disposal by its subsidiary, Integrated Logistics (H.K) Limited (a company incorporated in Hong Kong) of its entire equity interest in Integrated Etern Logistics (Suzhou) Co Limited (a company incorporated in China) to SWJ CN Logiport Pte Ltd (a company incorporated in Singapore), a company managed by LaSalle Investment Management Asia Pte Ltd for RM128.7 million
- Acted for Dato’ Justin Soo Sze Ching on the disposal of his entire equity interest in Asianmax Corporation Sdn Bhd to Sinotop Holdings Berhad (“SHB”) for RM96 million to be satisfied via cash and the issuance and allotment of shares in SHB
- Acted for a Malaysian company to acquire a group of companies involved in renewable energy for RM 95 million
- Acted for Integrated Logistics Berhad on the disposal of its entire 50% equity interest in Integrated National Logistics DWC-LLC (a company incorporated in Dubai, United Arab Emirates) to National Trading & Developing Establishment for RM50.4 million
- Acted for CIG Berhad on the disposal of its 49% equity interest in CIMB Insurances Brokers Sdn Bhd to HGB Asia Holdings Limited (a company incorporated in Hong Kong) for RM33.32 million
- Acted for Hakuhudo Incorporated on its acquisition of Kingdom Digital Solutions Sdn Bhd, a digital agency company in Malaysia
- Acted for a private equity investor on its proposed divestment of a card manufacturing group having presence in Malaysia, Cayman Islands, India, Philippines, Morocco, Tanzania, France, Singapore and Japan
- Acted for the buyer on the acquisition of an industrial and machinery business via a conventional business transfer
- Acted for Wearnes Autohaus Sdn Bhd on the disposal of its automotive business to Sime Darby Auto Bavaria Sdn Bhd via a conventional business transfer
- Acted for a Malaysian company on its issuance of redeemable convertible preference shares to Malaysian investors for a subscription sum of RM815 million
- Acted for a Singaporean investor on its subscription of Series A Preference Shares in a company incorporated in Malaysia and its entry of a joint-venture and shareholders’ agreement
- Acted for a Malaysian company on its issuance of shares to investors in China and Malaysia and its entry of a joint-venture and shareholders’ agreement
- Acted for Integrated Logistics Berhad on the diversification of its logistic business to include solar energy and solar energy related businesses
- Acted for Integrated Mits Sdn Bhd on its capital reduction by way of solvency statement
- Advised foreign clients on the setting up of legal structures / arrangements to comply with local equity ownership requirements
Equity Capital Markets
- Acted for Bank of America Singapore Limited (“BofA”) on the placement of ANZ Funds Pty Ltd (“ANZ”)’s shares in AMMB Holdings Berhad by an affiliate of BofA and CIMB Investment Bank Berhad to (a) investors outside of the United States in accordance with Regulation S under the US Securities Act of 1993 and (b) Malaysian investors in compliance with the Capital Markets and Services Act 2007
- Acted for the banks on the initial public offering of Lotte Chemical Titan Holding Berhad on the Main Market of Bursa Malaysia Securities Berhad (involving a Regulation S and Rule 144A offering)
- Acted for the banks on the initial public offering of Sunway Construction Group Berhad on the Main Market of Bursa Malaysia Securities Berhad (involving a Regulation S offering)
- Acted as Malaysian legal counsel to a Hong Kong sponsor, Fortune Financial Capital Ltd, on the initial public offering of BGMC International Limited, a company incorporated in Cayman Islands with limited liability on the Hong Kong Stock Exchange (foreign listing)
- Acted for the issuer, Malaysian Resources Corporation Berhad, on its renounceable rights issue together with free detachable warrants
- Acted for the issuer, Integrated Logistics Berhad, on its private placement of up to 10% of its existing total number of issued shares to Etern Group (HK) Co Limited, a company incorporated in Hong Kong
Corporate Reorganisations
- Acted for an agricultural chemical company on its group reorganisation with global presence in 74 countries spread across the regions of North America, Latin America, Europe, Middle East, Africa and Asia-Pacific; the reorganisation in the Malaysian jurisdiction was effected via a scheme of arrangement and amalgamation
- Acted for a chemical solutions company on its group reorganisation with global presence in 50 countries spread across the regions of Europe, Middle East, Africa, Asia-Pacific and Latin America
- Acted for Telekom Malaysia Berhad (“TM”) on its group reorganisation which involved the transfer by TM and its selected wholly owned subsidiaries of their telecommunications businesses in Malaysia to TM Technology Services Sdn Bhd via a scheme of arrangement and amalgamation
- Advised a telecommunications group on its group internal reorganisation via a scheme of arrangement and amalgamation and conventional business transfer
- Advised an agricultural public listed company on the rectification of public shareholding spread requirements and proposed reorganisation structure to comply with public shareholding spread requirements