Drew & Napier is Legal Counsel to Malacca Trust Limited in its Initial Public Offering
29 Jul 2011
Drew & Napier acted as legal counsel to Malacca Trust Limited (Malacca Trust), an Indonesia based award winning financial services provider, in its Initial Public Offering (IPO) of 85,000,000 shares at S$0.22 per new share, raising a total of S$18,700,000 on the sponsor-supervised listing platform of the Singapore Exchange Securities Trading Limited (Catalist). Malacca Trust’s subsidiaries include PT Batavia Prosperindo Finance Tbk which is listed on the IDX.
Drew’s team was led by Director Marcus Chow, and team members include Associate Director Joanne Lee, and Senior Associate Tan Mei Hui.