WongPartnership LLP

Mergers & Acquisitions; Private Equity; Telecommunications

Ng Wai King is the Chairman and Managing Partner of WongPartnership.

Wai King's experience focuses on mergers & acquisitions ("M&A") and private equity.

Work Highlights

Significant transactions that Wai King has been involved in include advising / acting for the following:

Keppel Corporation in the combination of Keppel Offshore & Marine business with Sembcorp Marine for an acquisition consideration of approximately S$4.5 billion. CLA Real Estate Holdings Pte. Ltd. in connection with the S$21 billion restructuring of CapitaLand to demerge the investment management business and privatise the development arm. Scheme of arrangements involving (a) The managers of Ascendas Hospitality Trust in the combination with Ascott Residence Trust by way of a trust scheme of arrangement to form the largest hospitality trust in the Asia-Pacific and the eighth biggest globally, with a total asset value of S$7.6 billion; (b) Frasers Commercial Asset Management Ltd. as manager of Frasers Commercial Trust in the merger of Frasers Logistics & Industrial Trust (now known as Frasers Logistics & Commercial Trust) and Frasers Commercial Trust by way of a trust scheme of arrangement worth S$1.54 billion. Nesta Investment Holdings Limited, which is controlled by a consortium comprising HOPU Logistics Investment Management Co., Ltd., Hillhouse Capital Logistics Management, Ltd., SMG Eastern Limited (an entity wholly owned by the CEO of Global Logistics Properties), Bank of China Group Investment Limited and Vanke Real Estate (Hong Kong) Company Limited, in the acquisition of Global Logistic Properties Limited for approximately S$16 billion by way of a scheme of arrangement. This deal was awarded "Deal of the Year" and "Best Leveraged Finance Deal" at the FinanceAsia Achievement Awards, 2017, "M&A Deal of the Year: South East Asia" at The Asian Lawyer's Asia Legal Awards 2018, and M&A Deal of the Year (Premium) at the ALB SE Asia Law Awards, 2018. As Singapore counsel to Walmart Inc. in its acquisition of a 77% stake in Flipkart for US$16 billion. This deal won Deal of the Year - Best M&A Deal and Best India Deal at the FinanceAsia Awards 2018. TCC Assets and Thai Beverage Public Company Limited (a company listed on the Singapore Exchange) on a successful takeover offer for Fraser & Neave, Limited ("F&N"), fending off a competing offer by another party. The offer valued F&N at approximately S$13.8 billion and the transaction was awarded "M&A Deal of the Year" for both South East Asia and Singapore, as well as "SE Asia Deal of the Year" at the ALB SE Asia Law Awards 2014; and "Best M&A Deal" at the IFLR Asia Awards 2014.

Publications & Legal Updates

Casewatch – Singapore Court of Appeal Clarifies that Third-Party Offers for Shares Not Invariably Best Evidence of Fair Market Value Getting the Deal Through – Private Equity – Singapore Transactions chapter, 2011 – 2018 editions Getting the Deal Through – Mergers & Acquisitions – Singapore chapter, 2011 – 2015 editions Sweet & Maxwell – Mergers & Acquisitions – International Series, Singapore chapter PLC Cross-border Mergers & Acquisitions Handbook 2011/12 – Singapore chapter

English, Mandarin, Bahasa Malaysia

Admitted, 1991, Singapore Bar; National University of Singapore (LL.B., Hons; AV Winslow Prize); Columbia University School of Law, New York (LL.M.; Harlan Fiske Stone Scholar).