6 September, 2015
R&T Sok & Heng Law Office in Cambodia together with its Malaysian counterpart, Christopher & Lee Ong, acted for Donaco International Limited in its acquisition of Star Vegas Casino, one of the biggest casinos in Cambodia and widely recognised as the best casino in Poi Pet of Cambodian-Thai border. The aggregate value of the transaction is US$360 million, in which US$100 million was financed by Mega International Commercial Bank.
Christopher & Lee Ong led the coordination, advising and preparation of the transaction agreements and documents, while R&T Sok & Heng Law Office conducted legal due diligence on the target business and assets. It also reviewed the transaction agreements and documents, as well as advised the client on the various local requirements and compliances in connection with the acquisition, and the financing and perfection of security.
The partners and lawyers involved in this deal were Heng Chhay, Tiv Sophonnora and Ra Sophannarith from R&T Sok & Heng Law Office, and Lee Hock Chye, Goh Yau Jun and Jorin Tan from Christopher & Lee Ong.
For further information, please contact:
Hamidul Haq, Partner, Rajah & Tann
hamidul.haq@rajahtann.com
