Colin Ng & Partners LLP recently acted for Integra Holdings Pte Ltd (“Integra”) on the sale of 51% of Granite Capital SA (“Granite”) to Zibo Qixiang Tengda Chemical Co., Ltd., through its wholly owned subsidiary, Qixiang Tengda Supply Chain Hong Kong Limited, for a cash consideration of US$36million.
Granite is a Swiss based leading petrochemical commodity trader established since 1989. Zibo Qixiang Tengda Chemical Co., Ltd. is engaged in R&D, production and distribution of fine chemicals and is listed on the Shenzhen Stock Exchange. The implied equity value of the target in this transaction is over US$70million.
The core team acting for Integra were Bill Jamieson (Partner) and Abel Ho (Practice Trainee). Michelle Chan (Senior Associate) and Joey Ho (Associate) provided assistance to the transaction.
For more information, please contact
Gillian Chan
Corporate Communications Manager
Colin Ng & Partners LLP
DID: 6349 8756
Fax: 6323 8282
E-mail: [email protected]
