Advising Spindex Acuger Precision Pte. Ltd. in relation to its establishment as a 50 : 50 joint venture

The Corporate and Financial Services practice group of Harry Elias Partnership advised Spindex Acuger Precision Pte. Ltd. (the “JV Company”) in relation to its establishment as a 50 : 50 joint venture between Spindex Industries Limited (“Spindex”) and Acuger Precision Corporation Limited (“Acuger”). The JV Company shall serve as an investment holding company of a wholly-owned subsidiary to be incorporated in Vietnam and to be known as Spindex Acuger Precision (Hanoi) Co Ltd, which is intended to primarily carry on the business of manufacturing and trading of plastic moulds, plastic products and its related assemblies primarily in Vietnam.

Spindex is listed on the Mainboard of the Singapore Exchange Securities Trading Limited and is a leading precision engineering manufacturer with production locations located in China, Malaysia and Vietnam. Acuger is related to Acuger Precise Industry Co., Ltd., which is primarily engaged in the business of manufacturing plastic gear boxes and plastic products and have manufacturing facilities located in Taiwan, Guangdong and Jiangsu.

Partners Claudia Teo and Derick Ting, and Senior Associate Yu Yitian advised on the transaction.