Caryn is Singapore law qualified, and has a wide range of experience advising on SPACs, IPOs, as well as M&A transactions across ASEAN. She has represented issuers and underwriters in numerous securities listings on the Singapore Exchange Securities Trading Limited (SGX-ST).
Caryn's primary areas of focus are equity capital markets and corporate finance, with additional experience in private equity and corporate M&A transactions.
Expertise
Experience
Representative matters
DBS Bank, Bank of America Merill Lynch, UOB, OCBC and Maybank Securities as underwriters on a S$200m private placement of units in Frasers Centrepoint Trust in connection with the acquisition of remaining interests in Nex from Frasers Property.
Thunes, the global payments infrastructure company, in most of its funding rounds (including the US$72m Series C financing).
Oyika (an EV company) on part of their Series A, and Series B preference share investments.
ASEAN medical distributor in connection with its auction trade sale.
A biomedical therapeutics company in connection with its proposed restructuring via business transfer.
Thunes in its acquisition of shares in Tookitaki, a fintech company.
International IPOs and listings on the SGX-ST.
The underwriters as to US federal securities law in respect of VTAC’s IPO on the Singapore Exchange Securities Trading Limited (previous firm experience).
Siam Cement Public Company Limited in relation to the spin-off of its subsidiary, SCG Packaging Public Company Limited ("SCGP"), through an initial public offering (IPO) and listing on the Stock Exchange of Thailand of SCGP (previous firm experience).
The underwriters as to US federal securities law in respect of Mr D.I.Y. Group's IPO (previous firm experience).
The Joint Global Coordinators and Joint Bookrunners, Maybank Investment Bank Berhad, Credit Suisse (Singapore) Limited, Credit Suisse Securities (Malaysia) Sdn Bhd, RHB Investment Bank Berhad, AmInvestment Bank Berhad, and Hong Leong Investment Bank Berhad, in the initial public offering of Leong Hup International Berhad, on the Main Market of Bursa Malaysia Securities Berhad, amounting to RM1.03bn (previous firm experience).
S Hotels & Resorts on it USD240m IPO on the Stock Exchange of Thailand (previous firm experience).
The Joint Global Coordinators and Joint Bookrunners on the IPO of Leong Hup International Berhad, on the Main Market of Bursa Malaysia Securities Berhad (previous firm experience).
The underwriters in connection with the proposed preferential offering by CPN REIT, Thailand's largest retail-focused REIT, of up to 665,618,000 units at an estimated total offering of approximately USD 656.7m to USD 677.2m (previous firm experience).
The underwriters to Singapore law in respect of PropNex’s IPO on the Singapore Exchange Securities Trading Limited (previous firm experience).
The international counsel to Thailand Future Infrastructure Fund in its USD1.4bn IPO on the Stock Exchange of Thailand (previous firm experience).
Harim Holdings in connection with the partial offer of Pan Ocean (a dual SGX and KRX listed company) (previous firm experience).
Corporate and other secondary offering.
EDP Renewables in its acquisition of a 91% stake in Sunseap Group, the largest distributed solar player and top 4 solar player in South East Asia for SGD 1.1bn (previous firm experience).
Moladin (a Sequoia backed investment) in connection with the acquisition of an Indonesian multi-finance firm (previous firm experience).
Keppel DC REIT in relation to its subscription of notes and preference shares in a joint venture with M1 Limited (previous firm experience).
Amcorp Group Berhad, an established Malaysia-based investment holding company, in connection with the proposed acquisition of over 51% Tee Land, a real estate in Singapore by way of a partial offer (previous firm experience).
Thai and International counsel to the underwriters (Maybank and SCB) in connection with the proposed preferential offering by CPN REIT, Thailand's largest retail-focused REIT, of up to 665,618,000 units at an estimated total offering of approximately USD656.7m to USD677.2m, in connection with its acquisition of assets from the Gland Office Leasehold REIT (previous firm experience).
Thunes, the global payments infrastructure company, in most of its funding rounds (including the US$72m Series C financing).
Oyika (an EV company) on part of their Series A, and Series B preference share investments.
ASEAN medical distributor in connection with its auction trade sale.
A biomedical therapeutics company in connection with its proposed restructuring via business transfer.
Thunes in its acquisition of shares in Tookitaki, a fintech company.
International IPOs and listings on the SGX-ST.
The underwriters as to US federal securities law in respect of VTAC’s IPO on the Singapore Exchange Securities Trading Limited (previous firm experience).
Siam Cement Public Company Limited in relation to the spin-off of its subsidiary, SCG Packaging Public Company Limited ("SCGP"), through an initial public offering (IPO) and listing on the Stock Exchange of Thailand of SCGP (previous firm experience).
The underwriters as to US federal securities law in respect of Mr D.I.Y. Group's IPO (previous firm experience).
The Joint Global Coordinators and Joint Bookrunners, Maybank Investment Bank Berhad, Credit Suisse (Singapore) Limited, Credit Suisse Securities (Malaysia) Sdn Bhd, RHB Investment Bank Berhad, AmInvestment Bank Berhad, and Hong Leong Investment Bank Berhad, in the initial public offering of Leong Hup International Berhad, on the Main Market of Bursa Malaysia Securities Berhad, amounting to RM1.03bn (previous firm experience).
S Hotels & Resorts on it USD240m IPO on the Stock Exchange of Thailand (previous firm experience).
The Joint Global Coordinators and Joint Bookrunners on the IPO of Leong Hup International Berhad, on the Main Market of Bursa Malaysia Securities Berhad (previous firm experience).
The underwriters in connection with the proposed preferential offering by CPN REIT, Thailand's largest retail-focused REIT, of up to 665,618,000 units at an estimated total offering of approximately USD 656.7m to USD 677.2m (previous firm experience).
The underwriters to Singapore law in respect of PropNex’s IPO on the Singapore Exchange Securities Trading Limited (previous firm experience).
The international counsel to Thailand Future Infrastructure Fund in its USD1.4bn IPO on the Stock Exchange of Thailand (previous firm experience).
Harim Holdings in connection with the partial offer of Pan Ocean (a dual SGX and KRX listed company) (previous firm experience).
Corporate and other secondary offering.
EDP Renewables in its acquisition of a 91% stake in Sunseap Group, the largest distributed solar player and top 4 solar player in South East Asia for SGD 1.1bn (previous firm experience).
Moladin (a Sequoia backed investment) in connection with the acquisition of an Indonesian multi-finance firm (previous firm experience).
Keppel DC REIT in relation to its subscription of notes and preference shares in a joint venture with M1 Limited (previous firm experience).
Amcorp Group Berhad, an established Malaysia-based investment holding company, in connection with the proposed acquisition of over 51% Tee Land, a real estate in Singapore by way of a partial offer (previous firm experience).
Thai and International counsel to the underwriters (Maybank and SCB) in connection with the proposed preferential offering by CPN REIT, Thailand's largest retail-focused REIT, of up to 665,618,000 units at an estimated total offering of approximately USD656.7m to USD677.2m, in connection with its acquisition of assets from the Gland Office Leasehold REIT (previous firm experience).
Qualifications
Admissions
Admitted as advocate and solicitor, Singapore, 2012
Academic
LLB (Hons), Singapore Management University, 2011
Bachelor of Business Management, Singapore Management University, 2011
Bachelor of Business Management, Singapore Management University, 2011
Disclaimer
A&O Shearman was formed on May 1, 2024 by the combination of Shearman & Sterling LLP and Allen & Overy LLP and their respective affiliates (the legacy firms). Any matters referred to above may include matters undertaken by one or more of the legacy firms rather than A&O Shearman.