Loo Leong Thye, Chief Executive Officer and Executive Director of Challenger Technologies Limited, Loo Pei Fen, Chief Marketing Officer of Challenger Technologies Limited, Ong Sock Hwee, Loo Wei Kiat along with Dymon Asia Private Equity (S.E. Asia) Fund II Pte. Ltd. managed by Dymon Asia Capital Pte. Ltd. completed the acquisition of 97.8% stake in Challenger Technologies Limited from its shareholders for SGD approximately 240 million.
United Overseas Bank Limited (SGX:U11) acted as a financial advisor to Loo Leong Thye, Loo Pei Fen, Ong Sock Hwee, Loo Wei Kiat and Dymon Asia Capital (Singapore) Pte. Ltd. Boardroom Corporate & Advisory Services Pte. Ltd. acted as share registrar for Challenger Technologies Limited. Deloitte & Touche Corporate Finance Pte Ltd. acted as financial advisor to the Board of Challenger Technologies and Morgan Lewis Stamford LLC acted legal advisor.
Loo Leong Thye, Chief Executive Officer and Executive Director of Challenger Technologies Limited, Loo Pei Fen, Chief Marketing Officer of Challenger Technologies Limited, Ong Sock Hwee, Loo Wei Kiat along with Dymon Asia Private Equity (S.E. Asia) Fund II Pte. Ltd. managed by Dymon Asia Capital (Singapore) Pte. Ltd. completed the acquisition of 97.8% stake in Challenger Technologies Limited (SGX:573) from its shareholders for approximately SGD 240 million on July 25, 2023.