Channel NewsAsia announced today that RHTLaw Taylor Wessing plans to list its professional services arm, RHT Holdings, on the Catalist Board of the Singapore Exchange (SGX) by the first quarter of 2016.
Managing Partner Tan Chong Huat was quoted as saying, “It does validate the model that a Singapore firm does not need only to focus on law businesses to grow, and that adjacent business opportunities can also be captured by subsidiaries. “The move to list is partly driven because of the competition out there. A few major international law firms are already ahead in setting up non-law professional outfits to support their legal business – so we intend to stay ahead of the competition.”
The Straits Times announced today that RHT Holdings is preparing for a listing on the Catalist board of the Singapore Exchange (SGX) by the first quarter of next year.
Managing Partner Tan Chong Huat was quoted as saying, “The inception of RHT Holdings and our decision to list on the SGX Catalist board are a reflection of our international ambitions. We now wish to tap capital markets, to accelerate growth both in Singapore and internationally. The latest Budget measure, announced on Monday, to raise the tax allowance for merger and acquisition (M&A) activities, will help spur RHT's growth."
The Business Times announced today that RHT Holdings has begun the process for its proposed listing on the Catalist board of Singapore Exchange. It was recognised as a first by a Singapore law firm to list its professional services arm in the Republic.
Managing Partner Tan Chong Huat was quoted as saying, “In three short years, RHTLaw Taylor Wessing LLP and the RHT Group have become premier names in Singapore for legal and professional consulting services, respectively. We now wish to tap into capital markets to accelerate growth both in Singapore and internationally", starting with Indochina and Hong Kong.
RHT Holdings Limited (“the Company”), the leading professional services group in Asia, is pleased to announce that the Company has commenced initial procedures for a proposed listing on the Singapore Exchange Catalist Board, scheduled for Q1 2016 or earlier.
The Company is the holding company for RHT Compliance Solutions Pte. Ltd., RHT Corporate Advisory Pte. Ltd., RHT Capital Pte. Ltd. and RHT Management Services Pte. Ltd. ("Proposed Listed Group"). The Proposed Listed Group is part of the RHT Group of Companies ("RHT Group"), which is owned by the equity partners of RHTLaw Taylor Wessing LLP, currently the eighth-largest law firm in Singapore.
Founded in 2011, the RHT Group has grown rapidly since inception to become a leading professional services group in Asia with a suite of services to cater to growing economies in Singapore, Malaysia, Indonesia and the region.
In ASEAN, the Group is already a leader in the areas of regulatory and compliance solutions, and is expanding into increasingly complex and diversified professional services. Amongst other services, the Group offers continuing sponsorship, post-listed compliance and secretarial services, corporate governance advisory, share registration, compliance solutions, data analytics, as well as professional training and development.
To date, the RHT Group provides such services to numerous financial institutions, fund and asset management companies, over 100 listed companies on the Singapore Stock Exchange, as well as to over 700 private companies.
RHT Holdings has already appointed Hong Leong Finance Ltd. as the Company’s financial advisor and sponsor for the proposed listing.
The proposed listing will provide funds for the Group’s international aspirations.
RHT Holdings Non-Executive Director Mr. Tan Chong Huat said, “The inception of RHT Holdings and our decision to list on the SGX Catalist Board is a reflection of our longstanding success and our international ambitions. In three short years, RHTLaw Taylor Wessing LLP and the RHT Group have become premier names in Singapore for legal and professional consulting services respectively. We now wish to tap into capital markets to accelerate growth both in Singapore and internationally.”
“With continued success in Singapore, Malaysia and Indonesia, as well as a rapid and sustainable growth strategy throughout the ASEAN region, RHT Holdings looks forward to communicating this unique investment opportunity to stakeholders in the coming months."