Deals Update | Singapore | Mercurius Capital Investment Limited

8
September
2017

 

ZICO Insights Law LLC and Zaid Ibrahim & Co. (a member of ZICO Law) advised Catalist-listed Mercurius Capital Investment Limited in the concurrent S$2 million disposal of its previous China-based manufacturing business and diversification into a new business of real estate development in Malaysia via joint venture entities with real estate owners, completed in middle of 2017. The total valuation of the properties over which development rights were granted to the JVs is estimated at MYR 27 million. Director Gregory Chan of ZICO Insights Law LLC and Partner Lily Lee of Zaid Ibrahim & Co led the team assisted by Senior Associate Jaclyn Lee and Foreign Law Senior Associate Sanjeve Prakasam of ZICO Insights Law LLC and Senior Associate Lim Yim Siew of Zaid Ibrahim & Co.

ZICO Insights Law LLC also advised Mercurius Capital Investment on a S$1 million fund raising via a redeemable convertible loan from new investors and the capitalisation of an existing S$450,000 interest-free loan from its director into 10,000,000 new shares in settlement of the loan, completed earlier this year. Director Gregory Chan led this transaction assisted by Senior Associate Jaclyn Lim and Foreign Law Senior Associate Sanjeve Prakasam.