Transaction Updates

23 August 2021: IFA to the Independent Directors of Dutech Holdings Limited in respect of the Voluntary Unconditional Cash Offer by TSI Metals HK Limited

On 31 May 2021, UOB Kay Hian Private Limited (“UOBKH”) announced, for and on behalf of TSI Metals HK Limited (the “Offeror”), that the Offeror intends to make a voluntary unconditional cash offer (the “Offer”) in accordance with Rule 15 of the Singapore Code on Take-overs and Mergers for all the issued and paid-up ordinary shares (the “Shares”) in the capital of Dutech Holdings Limited (the “Company”, and together with its subsidiaries, the “Group”), other than any Shares held in treasury (the “Offer Shares”).

7 July 2021: Project Full Moon IFA Newsletter

IFA to the Independent Directors and the Audit and Risk Committee of Ascendas Funds Management (S) Limited (in its capacity as the manager of Ascendas Real Estate Investment Trust) and HSBC Institutional Trust Services (Singapore) Limited (in its capacity as the trustee of Ascendas Real Estate Investment Trust) in relation to (i) the Proposed Acquisition of 75% of the total issued share capital of Ascendas Fusion 5 Pte. Ltd. and (ii) the Proposed Issuance of Consideration Units as IPTs

4 May 2021 : FA to the Non-Interested Directors of Samudera Shipping Line Ltd in relation to the Proposed Investment and the proposed IPT General Mandate

Proposed Investment
On 17 April 2019, Samudera Shipping Line Ltd (the “Company”, and together with its subsidiaries and associated companies, the “Group”) announced that PT Samudera Shipping Indonesia (“PT SSI”) was established to enable the Group to continue its participation in the shipping business in Indonesia through PT SSI. The Company would subscribe for newly issued series C shares of PT SSI (the “Proposed Investment”), to enable PT SSI to finance the purchase of vessels. It is anticipated that the total investment amount by the Company in PT SSI will be up to US$15.0 million (the “Subscription Amount”), funded through utilizing part of the proceeds from the disposal of shipping vessels and the internal resources of the Company.

3 May 2021 : Independent Financial Adviser to QT Vascular Ltd in relation to the Interested Person Transaction General Mandate

On 15 April 2021 QT Vascular Ltd (the Company and together with its subsidiaries, the Group released a circular seeking the approval of independent shareholders of the Company (the Independent Shareholders for the adoption of a general mandate for interested person transactions (the Proposed IPT General Mandate in respect of transactions that the Group expects to enter into with Expanse
Medical Inc Expanse Medical The Proposed IPT General Mandate would allow the Group to have the flexibility to redeploy its excess capacity as and when it arises by allowing the use of its excess manpower and/or excess office and laboratory facilities under the terms of the Proposed IPT General Mandate.

15 Apr 2021 : Manager for the Rights Issue to Hong Lai Huat Group Limited

SAC Capital acted as the Manager to Hong Lai Huat Group Limited (the “Company”, and together with its subsidiaries, the “Group”) for its Proposed Renounceable Non-Underwritten Rights Issue of up to 295,910,922 new ordinary shares of the Company, at an Issue Price of S$0.091 for each Rights Share, on the basis of four (4) Rights Share for every three (3) existing ordinary shares in the issued and paid-up share capital of the Company.

29 January 2021 : IFA to the Independent Committee, the Audit and Risk Committee and to Perpetual (Asia) Limited (in its capacity as trustee of First REIT) in relation to i ) the Proposed LPKR MLA Restructuring as an IPT and (ii) the Proposed Whitewash Resolution in relation to a proposed Rights Issue

First
Real Estate Investment Trust First REIT is a real estate investment trust listed on the Main Board of the Singapore Exchange Securities Trading Limited (the SGX ST Its investment policy is to invest in a diversified portfolio of income producing real estate and/or real estate related assets in Asia that are primarily used for healthcare and/or healthcare related purposes As at 31 December 2019 First REIT
has a diversified asset portfolio of 20 properties, comprising 16 located in Indonesia, 3 in Singapore and 1 in South Korea, with a combined gross floor area of 350 850 square metres.

27 January 2021 : IFA to G.H.Y Culture & Media Holding Co., Limited in relation to the IPT General Mandate

On 18 December 2020 G H Y Culture Media Holding Co Limited (the Company was successfully listed on the Main Board of the Singapore Exchange Securities Trading Limited (the SGX ST with a market capitalisation of S 708 7 million The Company, its subsidiaries and PRC Affiliated Entities ( the Group is an entertainment business that focuses on the production and promotion of dramas, films and concerts in the Asia Pacific region The Group has produced TV and web dramas and films in the PRC, Singapore and Malaysia which have been broadcasted and/or distributed on TV networks, such as China Central Television, and video streaming platforms in the PRC, such as iQIYI and YOUKU The Group has also started production of its first online short drama series in October 2020 The Group has undertaken the production of concerts for well known international artistes in Singapore, with upcoming concerts to be held in Singapore, Malaysia and Australia In addition, the Group also provides talent management services and costumes, props and make up services in the PRC and Singapore.

25 January 2021 : IFA to the Directors of Astaka Holdings Limited in Relation to IPT Loans

On 14 February 2020 Astaka Holdings Limited (the Company and together with its subsidiaries, the Group announced that Astaka Padu Sdn Bhd APSB a wholly owned subsidiary of the Company, had entered into a loan agreement with Dato’ Daing A Malek Bin Daing A Rahaman Dato’ Malek ”)”)(the DM Loan Agreement Pursuant to the DM Loan Agreement, Dato’ Malek had agreed to grant an unsecured loan in the principal amount not exceeding RM 30 million in aggregate to APSB (the DM Loan subject to the terms and conditions set out in the DM Loan Agreement.

31 January 2020 : IFA to United Engineers Limited and WBL Corporation Limited in relation to the mandatory cash offers by Yanlord Investment (Singapore) Pte. Ltd.

United Engineers Limited

On 25 October 2019, DBS Bank Ltd. (“DBS”) announced (the “UEL Offer Announcement”), for and on behalf of Yanlord Investment (Singapore) Pte. Ltd. (the “Offeror”), that the Offeror intends to make a (i) mandatory conditional cash offer for all the issued and paid-up ordinary stock units in the capital of United Engineers Limited (“UEL”) (the “UEL Ordinary Shares”), other than those already owned, controlled or agreed to be acquired by the Offeror and its concert parties (the “UEL Ordinary Share Offer”), and (ii) a comparable offer for all the issued and paid-up preference shares in the capital of UEL (the “UEL Preference Share Offer”) other than those already owned, controlled or agreed to be acquired by the Offeror and its concert parties (the “UEL Preference Share Offer”, and together with the UEL Ordinary Share Offer, the “UEL Offers”).

15 August 2019 : IFA to Tung Lok Restaurants (2000) Ltd in relation to IPT Disposal and IPT General Mandate

On 18 June 2019, SGX-ST Catalist-listed Tung Lok Restaurants (2000) Ltd (“Tung Lok” or the “Company”) announced that its wholly-owned subsidiary, Tung Lok Millennium Pte Ltd (“TLM”), had on 18 June 2019 entered into a conditional sale and purchase agreement with Maker Food Manufacturing Pte Ltd (“MFM”) in relation to the proposed disposal (the “IPT Disposal”) of TLM’s entire 50% shareholding interest in T&T Gourmet Cuisine Pte Ltd (“T&T”), a joint venture company which is owned equally by the Company and Tee Yih Jia Food Manufacturing Pte Ltd (“TYJ”) through their respective wholly-owned subsidiaries, to MFM for a consideration of S$1,150,000 (the “Consideration”).

24 June 2019 : Completion of Partial Offer for Sevak Limited and Voluntary Cash Offer for Boardroom Limited, in capacity as FA to the Offeror and IFA respectively

SAC Capital acted as the Financial Adviser to Smart Entertainment Private Limited (the “Offeror”) for its voluntary conditional partial offer (the “Partial Offer”) to acquire 1,482,387 issued and paid-up ordinary shares in the capital (the “Shares”) of SGX-ST Main Board-listed Sevak Limited (“Sevak” or the “Company”), other than the shares held in treasury and the shares already owned, controlled or agreed to be acquired by the Offeror and parties acting with it (the “Offer Shares”) at an offer price of S$4.00 (the “Offer Price”). The Offeror is 99.93% beneficially owned and controlled by Dr Modi Bhupendra Kumar (“Dr Modi”), investment vehicles controlled by Dr Modi and his family members.

27 May 2019 : Completion of RTO of Lereno Bio-Chem and Specific IPT Mandate of Samko Timber Limited

SAC Capital has acted as the Financial Adviser and Sponsor to SGX-ST Catalist-listed Lereno Bio-Chem Ltd (“Lereno”) in its S$26.4 million acquisition of Knit Textile and Apparel Pte. Ltd. (“Knit Textile”), being a reverse takeover.

25 March 2019: Completion of Initial Public Offering of Reclaims Global Limited

SAC Capital has acted as the Sponsor, Issue Manager, Underwriter and Placement Agent to Reclaims Global Limited (“Reclaims Global”, together with its subsidiary, the “Group”), a Singapore-based eco-friendly integrated service provider in the construction industry for its successful Initial Public Offering (“IPO”) on the SGX-ST Catalist on 11 March 2019, with a market capitalization of S$30.1 million.

19 February 2019: Completion of reverse takeover of TSH Corporation Limited

SAC Capital has acted as the Financial Adviser and Sponsor to SGX-ST Catalist-listed TSH Corporation Limited (“TSH”) in its S$19.4 million acquisition of Sloshed! Pte. Ltd. (“Sloshed!”), being a reverse takeover and interested person transaction.