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Interlaw Member CNP Singapore Closes Petrochemicals M&A Deal

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Singapore-based Interlaw representative firm Colin Ng & Partners LLP (CNP) acted for Integra Holdings Pte Ltd on the sale of 51% of Granite Capital SA to Zibo Qixiang Tengda Chemical Co., Ltd.

Granite is a Swiss based leading petrochemical commodity trader whilst Zibo Qixiang Tengda, listed on the Shenzhen Stock Exchange, works in R&D, production and distribution of fine chemicals.

Acting on this US$36 million deal with an implied equity value of over US$70 million, were CNP team Abel Ho, Michelle Chan and Joey Ho, led by partner Bill Jamieson.