| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision Maker | Overseas Investment Office |
| Decision Date | 15 December 2021 |
| Pathway(s) | Significant business assets only |
| Investment | Acquisition of 100% of the shares in Roxy-Pacific Holdings Limited |
| Asset Value | Approximately $668,000,000 |
| Applicant | TKL & Family Pte. Ltd. Singapore (100%) |
| Vendor | Shareholders of Roxy-Pacific Holdings Limited Singapore (84.3%) Various regions (15.7%) |
| Background | TKL & Family Pte. Ltd. is a special purpose vehicle, incorporated on 10 August 2021 for the purposes of the transaction. It is an exempt private limited company limited by shares incorporated in Singapore. Roxy-Pacific Holdings Limited is the parent company for an established property and hospitality group, principally engaged in the development and sale of residential and commercial properties, as well as property investment and hotel ownership. The transaction involves the acquisition of 100% of the shares in Roxy-Pacific Holdings Limited. The shareholders of TKL & Family Pte. Ltd. currently own, in aggregate (directly and indirectly), approximately 77.0% of the issued shares in Roxy-Pacific Holdings Limited. The Applicant has satisfied the investor test criterion. |
| More information | Tim Tubman Chapman Tripp Level 33, PwC Tower 15 Customs Street West Auckland 1140 |