Lee & Lee LLP advised SAC Capital Private Limited on GDS Global Limited's Very Substantial Acquisition

‍Lee & Lee LLP acted as Singapore legal counsel to SAC Capital Private Limited, as Sponsor and Financial Adviser to GDS Global Limited (“GDS”), on the acquisition by GDS of Asiabuild Metal Engineering Pte. Ltd. and Integrated Aluminium Pte. Ltd. (“Targets”) for an aggregate maximum consideration of up to S$30 million, to be satisfied entirely through the issue of new shares by GDS.

The transaction constituted a Very Substantial Acquisition and an Interested Person Transaction under Chapters 10 and 9 of the SGX-ST Catalist Rules respectively.

The Targets have capabilities spanning structural steel fabrication, aluminium facade systems, cladding, curtain walls, and architectural metal works. The transaction represents a strategic expansion by GDS beyond its established door and shutter systems business, and enables GDS to broaden its product offerings and participate in a wider range of construction and upgrading projects across Singapore’s built environment.

The Lee & Lee LLP team was led by Partner Andrew Lai and comprised Senior Associates Su Zhiren and Chloe Hing and Associates Choh Xiangyun and Chow Hanqi.

For enquiries, please contact Mr Andrew Lai at andrewlai@leenlee.com.sg.