Aug 2026
Conyers acted as British Virgin Islands legal counsel to Trans-China Automotive Holdings Limited in connection with its renounceable non-underwritten rights issue of up to 530,653,662 new ordinary shares at an issue price of S$0.014 per Rights Share, on the basis of nine Rights Shares for every ten existing ordinary shares held by shareholders.
Pursuant to the rights issue, 334,513,155 Rights Shares were allotted and issued on 13 August 2026 and were subsequently listed and quoted on the Catalist Board of the Singapore Exchange Securities Trading Limited on 17 August 2026. The company raised net proceeds of approximately S$4.51 million from the rights issue.
Director Stacie Seetho and Paralegal Jo Mun Yap of Conyers’ Singapore office advised on the matter, working alongside Rajah & Tann Singapore LLP and Jingtian & Gongcheng.