Transaction News: SIA Engineering completes acquisition of shares in joint venture with SR Technics to operate MRO services in Malaysia

On 16 February 2022, SIA Engineering Company Limited (“SIAEC”), a wholly owned subsidiary in the Singapore Airlines Group, entered into a share purchase agreement with SR Technics Switzerland AG (“SRT Switzerland”) to acquire 75% of the issued shares in SR Technics Malaysia Sdn Bhd (“SRT Malaysia”) as well as a shareholders’ agreement to regulate their relationship in SRT Malaysia with SRT Switzerland, the holder of the remaining 25% of the issued shares in SRT Malaysia (collectively the “Transaction”).1
The Transaction was completed on 31 May 2022 with the satisfaction of conditions precedent and performance of completion obligations on the part of both SIAEC and SRT.
Skrine acted as legal counsel for SRT Switzerland in the Transaction. Sheba Gumis (Partner) led the Transaction supported by Nur Liana binti Mohamed (Associate).

1 Our earlier Alert can be accessed here.

This alert contains general information only. It does not constitute legal advice nor an expression of legal opinion and should not be relied upon as such. For further information, kindly contact