Home » Nexus advises Hong Kong IT company on international share buy-back

Nexus advises Hong Kong IT company on international share buy-back

Posted by Alan Prasad | 16 August 2021 | Banking & Finance

Nexus has advised a Hong Kong IT company on a share buy-back transaction from a shareholder based in Singapore.

 

Nexus Mergers & Acquisitions lawyer Alan Prasad advised and managed the complex cross border share buy-back with assistance from Nexus Corporate & Commercial specialist lawyers Michael Holmes and Clarence Leung, and its agent law firm Yang Chan & Jamison LLP in Hong Kong.

Whilst the value of the share buy-back was not disclosed, the transaction will allow the client to consolidate and expand into newer markets.

“The share buy-back was not only a complex transaction due to having to manage compliance requirements and government authorities across three international jurisdictions, Hong Kong, Singapore and Australia; meeting compliance documentation timelines within all three countries while each suffered a COVID pandemic created numerous project and logistical challenges,” said Nexus M&A Group Principal Alan Prasad, “In finalising this transaction, each party involved had to be incredibly resourceful and innovative in overcoming these hurdles.”

“It was a pleasure assisting an industry leading client and working with a fantastic team of lawyers on all sides, who collectively made this complex transaction a success, despite the challenges presented by COVID”, said Alan.

Nexus is seeing a considerable volume of deals in the IT and education sectors. “One of the spinoff effects of COVID is an increasing amount of innovation developing within these sectors. Home and online schooling is undoubtedly driving a need for improved learning experiences and engagement,” said Alan.

Nexus M&A Group Principal Alan Prasad has advised on several buy and sell side transactions since the end of 2020. “COVID has most definitely created a challenging environment for M&A, but for the better. It is forcing us to be more resourceful, think outside the box and find new ways of advising clients and manage cross border transactions,” commented Alan.

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