LNT helps pharmaceutical company with listing on Singapore Stock Exchange
June 1, 2018
LNT & Partners helped Hyphens Pharma International Limited achieve its successful debut listing on the Catalist Board of the Singapore Stock Exchange
LNT & Partners helped Hyphens Pharma International Limited achieve its successful debut listing on the Catalist Board of the Singapore Stock Exchange (SGX) on Friday, May 18, 2018. LNT & Partners, as local counsel in Vietnam, along with other law firms in Malaysia and Singapore, conducted the work necessary so Hyphens Pharma could list 300,000,000 ordinary shares in Singapore.
Hyphens Pharma International Limited (together with its subsidiaries, the “Group”), is one of Singapore’s leading specialty pharmaceutical and consumer healthcare groups through its leveraging of its diverse footprint in ASEAN countries. The Group, headquartered in Singapore, has a direct presence in five ASEAN countries, namely, Singapore, Vietnam, Malaysia, Indonesia and the Philippines, supplemented by a marketing and distribution network in Hong Kong, Myanmar and other countries.
The Group’s core business comprises the following segments: specialty pharma principals; proprietary brands; medical hypermart; and digital. Besides marketing and selling a range of specialty pharmaceutical products in selected ASEAN countries through exclusive distributorships, or licensing and supply agreements with brand principals mainly from Europe and the United States, the Group also develops, markets and sells its own proprietary range of dermatological products and health supplement products. In addition, the Group operates a medical hypermart for healthcare professionals, as well as healthcare institutions and retail pharmacies, to supply pharmaceutical products and medical supplies.
As local counsel in Vietnam for Hyphens Pharma’s IPO, LNT, through Partner-in-charge Nguyen Anh Tuan, helped advise Hyphens Pharma regarding the offering, including conducting due diligence inside Vietnam on its operations, ensuring they complied with Vietnamese law, and taking other necessary steps to ensure the process was completed smoothly. The Firm’s work on the matter began last year.
LNT is a major full-service independent Vietnam law firm that focuses on advisory and transactional work in the areas of corporate and M&A, competition, pharmaceuticals, real estate, infrastructure and finance, as well as complex and high-profile litigation and arbitration matters. The firm is among Vietnam’s most prominent, representing a wide range of multinational and domestic clients, including Fortune Global 500 companies, governments, as well as well-known Vietnamese listed companies.