Roosdiono & Partners Advises Centurion Corporation Limited As Part Of Dual Listing In Singapore And Hong Kong.
Legal News & Analysis - Asia Pacific - Hong Kong - Singapore - Indonesia - Capital Markets
18 December, 2017
Roosdiono & Partners (“R&P”), the Indonesia member of the ZICO Law network, advised Centurion Corporation Limited (SEHK Stock Code: 6090; SGX-ST Stock Code: OU8) (“Centurion”) on legal matters relating to its Indonesian subsidiary, PT Digital Media Technology, as Centurion prepared for its 2nd Initial Public Offering (“IPO”) to list on the Main Board of the Stock Exchange of Hong Kong (“SEHK”) worth approximately HK$ 114 million.
Centurion shares commenced trading at the SEHK on 12 December 2017 priced at HK$ 3.18 per share.
Already listed on the Main Board of the Singapore Exchange Securities Trading Limited since 1995, Centurion is one of Singapore’s largest owner-operator of student/worker accommodation with a portfolio of 21 assets in Singapore, Malaysia, Australia, United Kingdom and the United States of America. The 36-million-share offering was 4.1 times subscribed, based on applications for 112.5 million public offer shares and 35.2 million placement shares.
Centurion further aims to increase its bedcount from approximately 61,600 as of June 2017 to approximately 66,100 by the end of 2018.
The R&P team advising Centurion was led by ZICO Law Regional Managing Partner and R&P Senior Foreign Counsel Hanim Hamzah, supported by Senior Associate Gina Golda Pangaila and Associate Andina Sitoresmi.