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Singapore – KhattarWong Advises TRF on its Acquisition of 49% stake in York Transport Equipment from Baker Technology.

31 March, 2012

 

 

KhattarWong advised TRF Limited on its acquisition of 49% stake in York Transport Equipment (Asia) Pte Ltd (“York Singapore”) from Baker Technology Limited for a purchase consideration of S$22,178,255.
 
TRF Holdings Pte Ltd (a wholly owned subsidiary of TRF Limited) completed the acquisition on 27 March 2012. Prior to this acquisition, KhattarWong advised TRF Limited in its acquisition of 51% stake in York Singapore through TRF Singapore Pte Ltd for a purchase price of S$16,575,000.
 
York Singapore and its overseas subsidiaries in India, Australia, China, South Africa and Thailand are engaged in the business of manufacturing trailer undergear, assembling trailer suspension kits and distributing a full range of truck/trailer components.
 
TRF Limited, whose shares are listed on the Bombay Stock Exchange Ltd., Calcutta Stock Exchange Ltd. and National Stock Exchange of India Ltd., is part of the Tata Group of Companies.
 
Baker Technology Limited is listed on the main board of SGX-ST.
 
The team from KhattarWong that advised on the transaction was led by Partner Nicholas Lim and supported by Associate Penny Ong.
 
For further information, please contact:
 
Hasnorimah Basari, KhattarWong 
hasnorimah@khattarwong.com

 

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