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Proposed Conditional Cash Exit Offer in connection with the Proposed Voluntary Delisting of Sound Global Ltd. from the SGX-ST

Chia Kim Huat, Danny Lim and Bernia Tan from the Corporate & Capital Markets Practice are acting as Singapore counsel to Sound (HK) Limited ("Offeror") in the proposed conditional cash exit offer by CIMB Bank Berhad, Singapore Branch and CIMB Securities Limited (HK), for and on behalf of the Offeror, to acquire all the issued shares in and all the outstanding convertible bonds of Sound Global Ltd. ("Sound Global") listed on the Main Board of the Singapore Exchange Securities Trading Limited ("SGX-ST"), other than those already owned, controlled or agreed to be acquired by the Offeror and its consortium group, the undertaking shares and the undertaking bonds (collectively, the "Offers"). Sound Global is listed both on the SGX-ST and The Stock Exchange of Hong Kong Limited ("SEHK"). The Offers are being made in connection with the proposed voluntary delisting of Sound Global from the SGX-ST, whilst retaining its listing on the SEHK.

Based on the offer price of S$0.70 per share, the group is valued at approximately S$1.07 billion. The group is engaged in providing turnkey water and wastewater treatment solutions, management of water treatment plants and investments in build, operate and transfer projects, mainly in the PRC.

Date of Story:11 September 2013

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