Category: Deal Announcement

Icon Law LLC acted for the vendors in the sale of Amax Precision Holdings Pte. Ltd. ("Amax") to Specac, Ltd ("Specac"), an Ampersand Capital Partners portfolio company and leader in the design and manufacture of spectroscopy accessories and sample-prep solutions.

Amax is a leader in precision contract machining specialising in high-mix, low-volume components, headquartered in Singapore with production facilities in Malaysia and India. The combined companies will expand the Specac group's technological and manufacturing capabilities across the globe.

Our Founder and Managing Director, Soh Chun Bin, Director Katherine Tan, and Associate Pang Wenn Ler, acted as legal adviser to the vendors of Amax.

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.

GCL Global Holdings Ltd. has on 14 February 2025 commenced trading on Nasdaq via a business combination with RF Acquisition Corp. (Nasdaq: RFAC). The business combination, which valued the company at US$1.2 billion, raised US$42.9 million.

GCL Global is a leading provider of games and entertainment content based in Asia, comprising video game publishers Epicsoft Asia and 4Divinity, distributor 2Game, and Titan Digital Media.

The Icon Law team, led by Managing Director Soh Chun Bin, Director Katherine Tan and Counsel Tan Wy Lu, acted as legal advisers on Singapore law to GCL in its listing on Nasdaq.

Goodwill Entertainment Holding Limited has on 15 November 2024 IPO-ed and listed on the Catalist board of the Singapore Exchange — a significant milestone in their journey.

Goodwill operates multi-entertainment concepts comprising family-friendly karaoke facilities with F&B concepts, performance halls and dance clubs, under brands including "HaveFun Family Karaoke".

Icon Law is honoured to have acted as IPO counsel. Our transaction team comprised Managing Director Soh Chun Bin, Director Katherine Tan and Counsel Tan Wy Lu.

Icon Law is proud to have acted as Singapore legal advisers to TCL Zhonghuan Renewable Energy Technology Co Ltd ("TZE") in the restructuring of approximately US$403 million existing convertible notes issued by Nasdaq-listed Maxeon Solar Technologies Ltd (NASDAQ: MAXN), and Maxeon's additional issuance of approximately US$97.5 million new convertible notes to TZE.

Maxeon is a Singapore-headquartered manufacturer of Maxeon and SunPower brand solar panels, with sales operations in more than 100 countries. TZE also agreed to a separate equity investment of approximately US$100 million.

Leading the transaction team was Managing Director Soh Chun Bin, with assistance from Director Wong Ee Vin and associate Constance Tay.