Acted for Ascendas India Logistics Pte. Ltd. (“Ascendas India Logistics“) in its sale of 100% of the shares in AIL 7 Pte. Ltd. a Singapore-incorporated holding company, which holds 99.67% of the shares issued in the capital of four (4) India-incorporated subsidiaries to CapitaLand’s second logistics private fund, CapitaLand India Logistics II Pte. Ltd. The four (4) subsidiaries are principally engaged in the development and leasing of industrial and logistics parks in India.
The transaction is part of an internal restructuring exercise, pursuant to which the India assets under the CapitaLand-owned Ascendas India Logistics Pte. Ltd., which is a logistics fund, were transferred to CapitaLand’s second logistics private fund, CapitaLand India Logistics II Pte. Ltd.
Advising Ascendas India Logistics were Partners Hoon Chi Tern and Goh Jun Yi.
