Johnny Lim

Director

jlim@resourcelawasia.com
Tel: +65 6805 7366

Johnny advises clients on a broad range of corporate and commercial transactions, covering the full spectrum of legal work in cross-border mergers and acquisitions, joint ventures, capital markets, private equity and venture capital. He also advises listed companies and financial institutions on corporate governance, regulatory licensing and compliance matters.

Johnny’s extensive experience in capital markets ranges from acting for issuers on their initial public offering on the Singapore Exchange, to post-listing corporate actions and also privatisations. He also advises and supports capital markets intermediaries in licensing applications with the Monetary Authority of Singapore and accreditation applications with the Singapore Exchange for issue managers/sponsors.

Johnny is also active in restructuring and insolvency work, and advises both creditors and distressed companies on bankruptcy protection, schemes of arrangement, judicial management and liquidation. In the course of such work, he regularly works with auditors, financial advisers and listed companies on special audits and investigations.

Johnny’s clients include multinational corporations, financial institutions, listed companies, private equity and SMEs. His proficiency in English and Mandarin, and his in-depth appreciation of the local cultures and practices of Greater China and various ASEAN nations, have proven integral to the successful outcome of various transactions. In terms of industry focus, he works closely with clients in the energy and natural resources, financial services, technology, education, transportation and logistics sectors in Greater China and ASEAN.

Johnny is appointed as Legal Adviser to the Singapore Transport Association (one of the four associations of the Logistics Alliance recognised by Enterprise Singapore), and is a key member of its Management Committee.

Professional Admissions / Qualifications

  • Singapore

Languages

  • English
  • Mandarin

Professional Affiliations

  • The Law Society of Singapore
  • Legal Adviser to the Singapore Transport Association

Mergers and Acquisitions and Joint Ventures

  • Acted for a Decent Investment International in relation to its collaboration with Australia-listed Nickel Mines Limited to construct and operate four next-generation 54 KVA rotary kiln electric furnace (RKEF) lines with an annual nameplate production capacity of 36,000 tonnes of nickel metal (in nickel pig iron) and a 380MW coal-fired power plant in Indonesia
  • Acted for Perlux Limited, Ever Rising Limited and Plenty Limited on its sale of an Indonesian smelting investment to Taiwan-listed Walsin Lihwa for USD 178.5 million
  • Advised a China State-Owned-Enterprise (SOE) on a proposed acquisition of a Singapore-based infrastructure civil engineering and general building contractor
  • Acted for a Fortune Global 500 Chinese enterprise in its joint venture with a global mining and metallurgy group (listed on the Euronext Paris Exchange) to develop one of the largest nickel deposits in the world
  • Advised Eternal Tsingshan on its joint venture with Indonesia IDX-listed PT Merdeka Copper Gold to extract and process ore from Merdeka’s Wetar mine
  • Advised SGX-listed Acromec Limited on the formalisation of a joint venture between its subsidiaries Acropower Pte. Ltd. and Nutara Investment Pte. Ltd. on its maiden green energy venture to build-own-operate a waste-to-energy plant
  • Acted for SGX-listed Sinarmas Land in a collaboration with Japan Overseas Infrastructure Investment Cooperation for Transport & Urban Development (JOIN), for an investment origination platform, one of the first of its kind. JOIN is a Japanese government-private sponsored infrastructure investment fund
  • Advised a Fortune Global 500 Chinese enterprise in the acquisition of a minority stake in PT Position as a joint venture with Indonesia IDX-listed PT Harum Energy TBK
  • Acted for SGX-listed Acromec in its collaboration with Nutara Investment to build, own and operate a waste-to-energy plant in Singapore, processing and converting farm waste into biogas for electricity generation, which in turn is sold back to the farm
  • Acted for SGX-listed Sinarmas Land in the disposal of one of its property-holding subsidiaries valued at more than S$160 million

Takeovers

  • Advised the controlling shareholder of Singapore Mainboard listed Sin Ghee Huat in relation to a voluntary conditional cash offer made by DBS Bank Ltd, for Hong Hock Hardware Pte Ltd, valuing Sin Ghee Huat at SGD 60 million
  • Advised a Singapore-based private investor on a proposed takeover of a Hong Kong listed furniture company principally engaged in the manufacturing of sofas and sofa covers in the PRC with an integrated design, manufacturing, sales, and marketing operation
  • Acted for XinRen Aluminum Holdings Limited, formerly listed on the Main Board of the Singapore Exchange, in a voluntary conditional cash offer made by DBS Bank Ltd for Merit Stand Inc which valued XinRen at more than S$700 million
  • Acted for China Auto Electronics Group Limited, formerly listed on the Main Board of the Singapore Exchange, in a mandatory unconditional cash offer made by Stirling Coleman Capital Limited for THB Auto Electronics Limited which valued China Auto at more than S$200 million

Initial Public Offerings

  • Acted as Singapore counsel for HKE Holdings Limited, a Singapore-based contractor specialising in the medical and healthcare sectors with expertise in performing radiation shielding works, in its listing and initial public offering on the Main Board of the Hong Kong Exchange
  • Acted as Singapore counsel for CMON Limited, a fast growing hobby games publisher, in its listing and initial public offering on the Growth Enterprise Market (GEM) of the Hong Kong Exchange
  • Acted for AsiaPhos Limited, a Singapore-based phosphate resources company with mining and production operations in the PRC, in its listing and initial public offering on Catalist of the Singapore Exchange
  • Acted for Sheng Siong Group Ltd, one of Singapore’s largest grocery retailers, in its listing and initial public offering on the Main Board of the Singapore Exchange
  • Acted for XMH Holdings Limited, a diesel engine, propulsion and power generating solutions provider in the marine and industrial sectors, in its listing and initial public offering on the Main Board of the Singapore Exchange

Restructuring and Insolvency

  • Advised the judicial managers in a distressed competitive sale of the largest upholstery furniture manufacturer in Singapore and leading player in China, which involved a complex pre-sale multi-jurisdictional reorganisation
  • Advising a white-knight acquirer in an asset acquisition in the course of restructuring proceedings involving a Singapore Mainboard listed company under pre-scheme moratorium protection
  • Advised the judicial managers in a debt restructuring and white-knight investment rescue exercise in respect of a popular 4-star hotel situated in Ho Chi Minh
  • Acted as corporate counsel for China Sports International Limited (listed on the Singapore Exchange) in its judicial management application and subsequent restructurings proposals. China Sports is the first foreign company to be placed under judicial management in Singapore
  • Acted as corporate counsel for CNA Group Ltd (formerly listed on the Singapore Exchange) in its judicial management application and subsequent restructurings proposals, which involves a proposed transfer of listing status to white-knight investors
  • Acted for the liquidator in the sale and disposal of assets in the marine offshore oil & gas industry
  • Acted for a leading provider of fibreglass piping solutions in a management buy-out of shares from a provisional liquidator

Financial Services Regulatory

  • Assisting a leading Chinese brokerage in applying for a Capital Markets Services licence for dealing in Capital Markets Products
  • Assisting Long Asia Capital Pte Ltd in obtaining a Capital Markets Services licence for dealing in Capital Markets Products
  • Assisting Copper Basin Capital Pte Ltd in obtaining a Capital Markets Services licence for fund management

Private Investments & Start-ups

  • Advised a Singapore-based private investor on a proposed investment of up to 70% equity in Singapore Mainboard listed Plastoform Holdings Limited
  • Advised a leading cryptocurrency platform based in Singapore on its seed and pre-series A funding rounds
  • Advised the founders of a cloud gaming and mobile entertainment platform in its series A funding round