Clifford Chance

Clifford Chance advises placement agent, Religare Capital Markets, on placement of new shares in Swiber Holdings Limited

Leading international law firm Clifford Chance has advised Religare Capital Markets (RCM), as placement agent, on the placement of new shares by Swiber Holdings Limited which is expected to raise net proceeds of about S$62.5 million. This transaction, which was completed yesterday, is RCM's first primary block trade in Singapore for a company listed on the SGX-ST.

Capital markets partner Raymond Tong led the deal with the support of associate Louis Lim. Raymond said, "I'm pleased to have worked on Religare's first primary block trade in Singapore for a company listed on the SGX-ST. The successful completion of this transaction reflects the healthy demand in the market for attractive equity offerings by quality issuers."

Religare Capital Markets is part of Religare Enterprises Limited, a leading emerging markets financial services group headquartered in India.