Icon Law LLC acted for Advansory Investment Pte. Ltd. ("Advansory") in the mandatory unconditional cash offer to acquire all of the issued ordinary shares in Olive Tree Estates Limited ("Company") at S$0.12 per share, in compliance with Rule 14 of the Singapore Code on Take-overs and Mergers.
The Offer followed Advansory's acquisition of a controlling stake of 69.49% in the Company. Advansory has expressed its intention to maintain the Company's listing on the SGX Catalist Board. The entire transaction is valued at approximately S$14 million.
Our Founder and Managing Director, Soh Chun Bin, Counsel Bernia Tan, and Associate Jolene Song, acted as legal adviser to Advansory.
