Director

CORPORATE AND FINANCE

About Wei Meng

Wei Meng joined Drew & Napier LLC in 2001. He is a Director in the Corporate Insolvency & Restructuring Practice Group.

Areas of Practice

Wei Meng’s primary area of practice is commercial litigation with a particular focus on insolvency and corporate restructuring matters. He has acted for clients, both in Singapore and overseas, in a variety of matters, including employment, property and shareholders’ disputes.

Experience

Wei Meng specialises in insolvency and restructuring work and has built considerable experience in liquidation, judicial management and complex restructuring matters. Wei Meng advises liquidators and judicial managers from international accounting houses in Singapore on a variety of matters arising out of the liquidation and judicial management of companies.

Wei Meng represented distress companies in debt restructuring exercises and advised on various daily operational, management and creditor issues. More recently, Wei Meng acted for the former Citiraya Industries Ltd, Singapore’s largest corporate collapse of 2006, in its S$400 million debt restructuring exercise and was part of the team that successfully placed the company under judicial management. Citiraya has since relisted on the Singapore Stock Exchange under a new name, Centillion.

Wei Meng has substantial experience in complex restructuring matters involving cross border scheme of arrangements and reverse takeovers. Wei Meng acted for the judicial manager of Seatown Corporation Ltd, a major construction company listed in Singapore and was instrumental in the preparation of the scheme of arrangement to effect a restructuring of the company’s S$50 million debt and a reverse takeover exercise by a “white knight” investor.

Wei Meng also acted for a group of companies in the restructuring of group borrowings amounting to US$450 million and S$365 million involving complex cross-border issues and the concurrent sanction of parallel schemes of arrangement in Singapore and Hong Kong. A successful implementation of a debt restructuring was secured for the group of companies comprising of debt repayment, debt to equity conversion and a cash sweep mechanism to allow the creditors to take the benefit of any excess cash that may be derived from daily operations.

In addition, Wei Meng has represented and assisted Singapore companies and foreign bank in investigations into commercial and bank frauds. Notably, he acted for the central bank of Mauritius in an investigation, spanning over 8 months, of the country’s largest banking fraud amounting to more than Rs 800 million (US$24 million) and undertook the preparation, together with appointed advisors, of an investigation report that has been extensively discussed in the country’s parliament and media.

Appointments / Memberships