Lee Ho Wah is a senior partner in Dentons Rodyk's Finance practice.
Ho Wah's primary areas of practice are banking and finance, and real estate.
Ho Wah's banking and finance practice covers lender and borrower representations in a wide range of bilateral, club, syndicated, domestic and cross border loan transactions. His work involves advising, drafting, negotiating and reviewing facility agreements and related security documentation and providing legal opinions relating to cross-border transactions. His particular area of focus is in real estate and acquisition financing.
Ho Wah has experience in the structuring of loans and other financial transactions, and is familiar with all types of loan and security documentation including mortgages, debentures, assignments, charges, guarantees and indemnities, deeds of subordination, funding undertakings and inter-creditor and priority sharing deeds.
Ho Wah has undertaken the preparation and review of account opening and other standard forms and documents for banks and financial institutions.
In his real estate practice, Ho Wah has acted for various property developers and investors in the sale and acquisition of land and buildings (residential, commercial and industrial) through en bloc sales, private treaty sales and public and private tenders.
Ho Wah has advised investors extensively on purchases of residential, industrial and commercial properties from Urban Redevelopment Authority, Jurong Town Corporation, Housing & Development Board and other statutory bodies. This includes negotiations on the building agreements, leases and other technical requirements. He has acted for and advised investors and property developers in numerous private share sale and purchase transactions and in joint venture agreements for real estate development.
Ho Wah is a recognised leading lawyer for Banking and Finance in Chambers Asia, Chambers Global, IFLR 1000, and Asialaw Leading Lawyers. He has also given talks and written articles on banking and banking related issues.
- Various clients: Acting as Singapore counsel to a group of banks comprising ING Bank N.V., J.P. Morgan Limited, J.P. Morgan Securities plc, BNP Paribas, Unicredit Bank AG, Société Générale CIB, HSBC France and HSBC BANK PLC, as arrangers and/or initial lenders in the financing of a pre-conditional voluntary general cash offer by CGM CGM S.A., a French shipping company for all the issued and paid up ordinary shares in the capital of Neptune Orient Lines Limited (NOL), Southeast Asia's largest container shipping company, subject to the satisfaction of the pre-conditions specified in such announcement. The deal value of this transaction amounts to nearly S$3.4 billion.
- Hiap Hoe Limited (HHL): Acting in the disposal by HHL and SuperBowl Holdings Limited (SBHL), a subsidiary of HHL, of their entire shareholding interests in Hiap Hoe SuperBowl JV Pte Ltd (HHSBJV) to Hiap Hoe Holdings Pte Ltd (HHH) for a purchase consideration of approximately S$72 million (the Transaction). HHSBJV is the owner of the residential development (total 48 units) known as "Treasure on Balmoral" located on Balmoral Road (Properties). The Transaction was an "interested person transaction" and was treated as a "major transaction" under Chapters 9 and 10 of the SGX Listing Manual respectively. Also assisted HHL in the discharge of the existing securities provided in connection with the Properties and liaising with the Singapore Land Authority on the intended change in shareholders of HHSBJV from HHL and SBHL to HHH.
- Confidential client: Acting for a bank in its various capacities as agent, security agent, arranger, original lender and account bank, in the grant of credit facilities to Grand Apex Holdings Pte Ltd, to part-finance the acquisition of all the issued and paid-up ordinary shares in Popular Holdings Limited through the voluntary conditional cash offer.
- Plaza Ventures Pte Ltd (owned by GSH Properties Pte Ltd): Acting for a wholly-owned subsidiary of GSH Corporation Limited, TYJ Group Pte Ltd, and Vibrant DB2 Pte Ltd, in its capacity as borrower in the multi-million syndicated facilities comprising land and construction loans to finance the land acquisition and proposed additions and alterations of the property known as Equity Plaza at 20 Cecil Street, Singapore.
- Confidential client: Acting for a bank, as lender, in loan facilities comprising a land loan, differential premium loan, construction loan and working capital loan of an aggregate principal amount of approximately S$240 million, granted to a Singapore borrower to finance the acquisition and development of an executive condominium project in Singapore.
- Confidential client: Acting for a statutory body in respect of various loans and/or equity financing with an aggregate principal amount of S$1.414 billion granted or to be granted to its wholly-owned subsidiary for the funding associated with the study, engineering, procurement, construction, project management and necessary operations, start-up, commissioning and testing of an energy project and for such statutory body in relation to its related loans from the Government of the Republic of Singapore in respect of the same project.
- Confidential client: Acting for a subsidiary of a publicly listed property developer in the grant of facilities of up to S$500 million from a syndicate of four banks to refinance existing loan facilities and repay existing shareholder loans in the acquisition and development of a Grade A commercial building.
- Confidential client: Acting for a food and beverage group in the investment by a private equity firm in its group. The acquisition of shares represents a 51% shareholding interest by the private equity firm for a sum of S$58.1 million and was structured partly as a convertible loan, a subscription for new shares and a purchase of shares from existing shareholders. The private equity firm also has an option to invest a further S$45 million for equity. The proposed investment values the food and beverage group at approximately S$90 to 95 million.
- Confidential client: Acting for a financial institution in a term loan facility granted to a Singapore company, together with warrants issued from the Singapore company to the financial institution, to finance the development of industrial waste water treatment plants in Shandong, China by a joint venture company incorporated in PRC, owned indirectly by the Singapore company and the local PRC government.
- Confidential client: Acting for a global semiconductor foundry in the grant of loan facilities of up to US$1.5 billion to it by two export credit agencies, together with a syndicate of banks, to finance the costs and expenses relating to the design, development, construction, expansion, installation, completion, commissioning, insurance and operation of the fabrication facility located in Dresden, Germany and in Malta, New York.
- KGA Capital Pte Ltd (KGA): Acting in its voluntary conditional cash offer (Offer) for Rokko Holdings Ltd (Rokko), and in structuring a term loan facility granted to KGA to finance the Offer. Upon KGA obtaining valid acceptances representing not less than 90% of the shares in Rokko, the Offer was declared unconditional and KGA thereafter proceeded to exercise its rights of compulsory acquisition to privatise Rokko. KGA is controlled by a controlling shareholder of Rokko. The Offer values Rokko at approximately S$17.5 million.
- UOB, OCBC and Malayan Banking Berhad: Acting in their capacity as lenders, and for UOB and OCBC in their capacity as agents, in the grant of the club loan facilities comprising of S$253 million in land, development charge and construction loan facilities to finance the land acquisition and proposed development of a high rise residential development.
- Lenders led by the National Australia Bank: Acting in the grant of restructured credit facilities, amounting to S$470 million, to Cambridge Industrial Trust Management. Part of the restructured facilities was used to finance the purchase of several new properties.
- Ban Teck Han Enterprise Co Pte Ltd: Acting in the sale and leaseback of its property at 23 Serangoon North Avenue 5 Singapore at the purchase price of S$61 million to HSBC Institutional Trust Services (Singapore) Limited, in its capacity as trustee of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust.
- AHC Pte Ltd (AHC): Acting in its voluntary conditional cash offer (Offer) for Hersing Corporation Ltd (Hersing), and in structuring a transferable term loan facility granted to AHC to finance the Offer. Upon and subject to AHC obtaining valid acceptances representing not less than 90% of the shares in Hersing, the Offer will be regarded as unconditional and AHC will thereafter proceed to exercise its rights of compulsory acquisition in order to privatise Hersing. AHC is controlled by a controlling shareholder of Hersing. The Offer values Hersing at S$145 million.
- IFLR1000: Leading Lawyer for Finance and Corporate, 2017
- Asialaw Profiles: Leading Lawyer in Banking & Finance, 2012, 2014 - 2016
- Chambers Asia Pacific: Leading individual for Banking & Finance, 2013 - 2016
- Chambers Global: Leading individual for Banking & Finance, 2013 - 2016
- IFLR1000: Leading lawyer for Banking/Finance, 2014 - 2016
- Co-author, "Minority Lenders In Syndicated Loans", Rodyk Reporter - Business Bulletin, January 2015
- Co-author, "The Bank's Word Should Be Its Bond", Rodyk Reporter - Business Bulletin, March 2011
- Co-author, "Duty Of Confidentiality Versus Interests Of Third Party Security Providers", Rodyk Reporter - Business Bulletin, March 2009
Activities and Affiliations
- Member, Tender Committee of National Kidney Foundation, 2010 - present
- M&A and Acquisition Financing, April 10, 2013
- Real Estate Mortgage Process, April 25, 2011
- Common Securities: Basic Concepts, October 22, 2010
- Real Estate Mortgage Process - Presentation for Credit Suisse AG, June 18, 2010
Prior and Present Employment
- Senior Partner, Dentons Rodyk (formerly Rodyk & Davidson LLP) (2008 - present)
- KhattarWong (2007 - 2008)
- Compass LLC (2004 - 2007)
- Rodyk & Davidson LLP (now Dentons Rodyk) (2002 - 2004)
- HelenYeo & Partners (1993 - 2002)
- Haridass Ho & Partners (1988 - 1993)
- Oversea-Chinese Banking Corporation Limited (1987 to 1988)