See Ting is a Partner of Christopher & Lee Ong. She is ranked in Legal 500 and Chambers & Partners for both Corporate/M&A and Competition and Antitrust and listed as a distinguished practitioner in Asialaw for Competition. Since January 2021, she is a member of Bursa Securities’ Market Participants Committee which has oversight over compliance with Rules of Bursa Malaysia Securities and prior to that since 2014, a member of Bursa Securities’ Listing Committee, which has oversight over compliance with the Bursa Listing Requirements. She is also a Securities Commission Malaysia appointed Public Interest Director since 2019 in the Federation of Investment Managers Malaysia, a self-regulatory organization (SRO) with purview over the unit trust scheme (UTS) and private retirement scheme (PRS) industry.
EXPERIENCE
M&A and Takeovers
Advised foreign corporations and PE funds in their initial and continued investments as well as in their subsequent divestments in Malaysia including:
- Acted for SH Cogent Logistics Pte Ltd, indirect wholly owned subsidiary of SGX listed, Cosco Shipping International (Singapore) Co., Ltd, in its acquisition of a 80% interest in three subsidiaries of Complete Logistic Services Berhad which are involved in logistics and warehousing businesses.
- Acting for SGX listed, SIA Engineering Company Limited in its acquisition of 49% in Pos Aviation Engineering Services Sdn Bhd.
- Advised Delfortgroup AG (Delfort), a multinational paper manufacturer of Austrian origin in its acquisition of a stake in the Malaysian subsidiary of the Benkert group of companies, which is in the business of producing tipping papers for cigarettes.
- Advised CITIC Capital Partners Management Limited and Fountainvest Partners (Asia) Limited in their acquisition of a 33% stake in China Merchants Loscam (Loscam), a leading pallet and other returnable packaging pooling solutions provider.
- Advised a leading global private equity firm on its acquisition of a pathology lab business which provides laboratory testing services to clinics and hospitals across Malaysia.
- Advised a subsidiary of a prepaid corporate services listed on NYSE Euronext Paris in relation to its disposal by way of tender, of 100% equity in a Malaysian payment and loyalty solutions company.
- Advised a global private school operator in its bid for 100% of Asia Pacific International and National Schools (APS) from KV Asia, a private equity firm
- Acted for Regent Wise Investments Limited, a subsidiary of Philippines conglomerate, Ayala Land Inc, in its acquisition of 17.24% equity stake in Bursa Malaysia listed, MCT Berhad, from a major shareholder for RM 202.5 million which triggered a mandatory take-over offer requirement under the Takeovers Code to acquire all the remaining ordinary shares in MCT Berhad. Prior to this, advised Regent Wise Investments Limited, in its initial participation of 9.16% and subsequent increase to 32.95 % of the equity in MCT Berhad.
- Acted for China Vanke, a leading residential real estate developer in the People’s Republic of China, listed both on the Shenzhen Stock Exchange and Hong Kong Stock Exchange in its joint venture with a local partner and in its subsidiary’s acquisition of a 7.4-acre prime tract of land from a liquidator for a value of approximately RM 500 million
- Acted for Valeo SA, a company listed on Euronext Paris, in an acquisition of a Malaysian automotive parts manufacturer valued at approximately RM 132 million which is a subsidiary of a Singapore listed company, Frencken Group Limited.
- Acted for Mustika Manis Sdn. Bhd. in respect of a mandatory take-over offer to acquire all the remaining ordinary shares in Johan Holdings Berhad not already owned by Mustika Manis and its persons acting in concert. Johan Holdings and its subsidiaries are involved in a spectrum of activities relating to Diners Club charge and credit cards, travel and tours, property development and a hotel.
- Acted as Malaysian counsel for Mitsui OSK. Lines Ltd in its acquisition of 20.9% share in a leading Malaysian logistics group, PKT Logistics Group Sdn. Bhd.
- Advised Arenga Pinnata Sdn Bhd, a subsidiary of Creador II, LLC, a private equity fund in the takeover pursuant to the Malaysian Code of Takeovers and Mergers of Masterskill Education Group Berhad, a public company listed on the Main Market of Bursa Malaysia Securities Berhad for an aggregate consideration of approximately RM 246 million.
- Advised JCBNext Berhad (formerly known as JobStreet Corporation Berhad), the offeree and a company listed on the Main Market of Bursa Securities, in the takeover offer launched by its founder, Mr. Mark Chang together with another offeror.
- Advised Bursa Malaysia listed company, Integrax Berhad, as the offeree, in the takeover by Tenaga Nasional Berhad (TNB) pursuant to the Malaysian Code of Takeovers and Mergers, of all the remaining shares not owned by TNB in Integrax Berhad.
- Acted for ISEC Sdn Bhd, a subsidiary of Singapore Exchange Catalist company, ISEC Healthcare Ltd, in its acquisition of the entire issued share capital of Southern Specialist Eye Centre Sdn Bhd.
- Acted as Malaysian counsel for CITIC Environment Protection Co. Ltd in its pre-conditional voluntary offer (valued at S$1.9 billion) of Singapore Stock Exchange listed clean technology services company, United Envirotech Ltd.
- Acted as Malaysian counsel for Suzhou Anjie Technology, a Shenzhen-listed manufacturer of insulation and cushioning materials for the consumer electronic industry, in relation to its acquisition of the Seksun Group (a leading precision metals engineering solutions provider).
- Acted for Creed Group in its acquisition of Sunsuria Medini Sdn Bhd, a property development company in Malaysia with land interests in the Iskandar Development Region.
- Acted for Mitsui & Co. Ltd, a major Japanese conglomerate in its investment in a Malaysian master concessionaire land holder in Medini, a smart city and part of the Iskandar region in Johor, in its joint venture with Khazanah Nasional Berhad’s subsidiary.
- Acted for Itochu Techno-Solutions Corporation and Itochu Corporation (both listed in Japan), in their successful competitive bid for an enterprise solutions and integration business in Malaysia and Singapore, acquired from subsidiaries of a US listed corporation.
- Acted as Malaysian counsel in the acquisition by the Singapore Exchange (“SGX”) mainboard-listed, AusGroup Limited of Malaysian assets in Iskandar Malaysia valued at S$260 million, by way of reverse-takeover with a view to the listing of the assets on the SGX Catalist board.
- Acted for Nestle S.A and Nestle (Malaysia) Berhad in its divestment of part of its canned liquid milk business in Malaysia, Thailand and Vietnam to Fraser & Neave Holdings Berhad, involving continued licensing and agency arrangements and the disposal of interests in a Malaysian factory land owner company.
- Acted for US telecommunications company in its participation in joint venture in a Malaysian telecommunications company and advising on the issues arising in its management of and subsequent exit from, the joint venture company.
- Acted for Singapore headquartered financial institution in its participation in joint venture with Malaysian conglomerate in a licensed insurance company coupled with winding down its holdings in another licensed insurer and expediting the return to shareholders of monies in the company prior to winding down.
Finance, Corporate Finance and Capital Markets
- Acted as Malaysian counsel in connection with the offering and listing on NASDAQ, of American Depository Shares of Chindata Group Holdings Limited, a pan-Asian hyperscale Chinese data center operator backed by private equity firm Bain Capital.
- Acted for a subsidiary of a global Fortune 500 F&B company, in its application to the Securities Commission for an exemption from its obligation to make a mandatory offer
- Acted as Malaysian counsel to a Singapore-headquartered beauty company with its listing and IPO on the Main Board of The Stock Exchange of Hong Kong Limited (SEHK).
- Acting as the Malaysian counsel to the issuer, which operates in the luxury lifestyle, wellness and manufacturing sectors in Malaysia and Singapore in connection with the issuer’s proposed IPO and listing on The Main Board of the Hong Kong Stock Exchange.
- Acting as the Malaysian counsel to the issuer, which engages in digital content business in Malaysia and Indonesia, in connection with the IPO and listing on The Main Board of the Hong Kong Stock Exchange.
- Acted as Malaysian counsel to the issuer in the IPO of EuroSports Global Limited on the Catalist Board of SGX-ST. EuroSports primarily specialises in the business of distribution of ultra-luxury automobiles and luxury automobiles and provision of after-sales services.
- Acted as Malaysian counsel to Gaylin Holdings Limited in its IPO and listing on the Main Board of the SGX-ST which raised approximately S$38.5 million (US$31.5 million).
- Acted as the Malaysian counsel in respect of the listing of the Massimo Zanetti Beverage Group on the Italian Stock Exchange in Milan on 3 June 2015. The listing raised EUR 200 million.
- Acted in the IPOs of companies in the manufacturing, media, IT and retail sectors for listing on Bursa Malaysia as well as listings via reverse takeovers.
- Acted for Chinese white knight, Zhiyuan International Investment and Holding Group (Hong Kong) Co. Limited in its proposed rescue and the restructuring of listed steel maker, Perwaja Holdings Berhad in a transaction valued at RM 1.8 billion.
- Acted for Malaysian public listed corporations in corporate exercises involving securities issues including rights issues with warrants attached, bonus issues, reduction of share capital, distributions to shareholders and share buy-backs.
- Acted for Malaysian public listed corporations as well as creditors in schemes of arrangements and debt restructuring exercises.
Competition and Antitrust
- Acted for a global beverage company on the successful representation of the first ever reported Malaysian decision in respect of vertical agreements involving price restrictions / resale price maintenance. This representation was named the Behavioural Matter of the Year in the Asia-Pacific, Middle East and Africa by the Global Competition Review (GCR) Awards 2020.
- Acting for general insurers (which are subsidiaries of international financial services groups) in their appeal to the Competition Appeal Tribunal in a price fixing cartel decision issued by the Malaysia Competition Commission (MyCC) which is subject to the imposition of the largest ever aggregate quantum of fines ever imposed on trade association members
- Acted for a multinational’s Malaysian listed subsidiary in the first application for individual exemption for anti-competitive agreement under the Competition Act 2010.
- Acted in multiple investigations by the Malaysia Competition Commission (MyCC) in the logistics, banking, insurance, e-hailing, shipping and port sectors.
- Acted as competition law counsel for Lafarge Malaysia Berhad’s acquisition of Holcim Malaysia (as part of a global merger of the 2 cement competitors)
- Acted as competition law adviser to an energy distributor following the liberalisation of laws and implementation of third-party access in this sector.
- Acted as a competition counsel for a subsidiary of an MNC in the divestment of its general insurance business and subsequent collaboration with the acquirer.
- Advising a global Fortune 500 technology company in advising on its proposed distribution models and subscription arrangements.
- Advised a global Fortune 500 energy company on its proposed supply agreement with a state-owned oil and gas company and the applicability of Competition Act 2010 to the proposed arrangement.
- Advising a construction product manufacturer on its proposed collaborations with its competitors including product swap arrangements and the forming of a joint venture.
- Advised multiple MNCs on proposed joint venture arrangements which would result in substantial market share in the industry or in market sharing.
- Advised companies in wide ranging sectors including content aggregators, airlines, telecommunication, banks, insurance, pharmaceutical, chemicals and FMCG sectors, cement, manufacturing, automotive, construction, oil and gas, steel, credit reporting, energy, logistics, aviation, food delivery services, property development, trading and retailing sectors, many of whom are MNCs and Malaysian public listed companies, on a wide range of competition law matters including on exchange of information between competitors, tender activities, abuse of dominance and review of distribution and other vertical agreements, distribution models and rebate structures.
- Conducted regional and local competition law trainings and compliance programmes including for banks and companies in the gas, cement, steel, chemicals, pharmaceutical and FMCG sectors as well as various trade associations including in the financial services and cement sectors.
MEMBERSHIPS/ DIRECTORSHIPS
- Member of the Market Participants Committee of Bursa Malaysia
- Public Interest Director (appointed by the Securities Commission Malaysia) in the Federation of Investment Managers Malaysia (FIMM)
- Independent Director of Ground Team Red Holdings Sdn Bhd, a Joint Venture between SATS Limited and AirAsia Berhad