Rajah & Tann Singapore, member firm of Rajah & Tann Asia, acted for Boustead Projects Limited ("BPL", and its subsidiaries, the "BPL Group") in the disposal of certain fund and property management businesses of the BPL Group to UI Holdings Limited ("UIH"). In return, a BPL subsidiary obtained shareholding in UIH, amounting to 24.1% of UIH’s share capital post-issuance (the "Transaction"). The Transaction forms part of BPL and UIH's business strategy to form a Pan-Asian logistics real estate development, investment and fund management platform which will have US$3.5 billion of assets under its management. Partners Brian Ng, Loh Chun Kiat, Cheryl Tay, and Danny Lim from the Mergers & Acquisitions Practice as well as Partner Chou Ching from the Corporate Real Estate Practice and Partner Jasmine Chew from the Funds & Investment Management Practice led the transaction.