Adnan Sundra & Low

Malaysia

Analysis

Overview

Since its establishment in 1975, Adnan Sundra & Low has maintained  a solid reputation in the areas of banking and finance, capital markets and corporate and M&A. The firm is a popular choice of counsel for banks and financial institutionto handle financial and corporate structuressecuritisations and regulatory capital instruments. It has a large market share of the debt capital markets deals in Malaysia. Key individuals include Deepak Sadasivan and Adrian Chee for banking and finance and capital markets, Edward Foo Yuen Ng for capital markets, and Adrian Chair and Chin Chin Wong for corporate and M&A.

Client feedback 

Sound advice, professional and solution-driven. – Capital markets 

The team was responsive. They were able to structure terms that are feasible commercially without compromising on the rights of investors from legal perspective. – Corporate and M&A 

Rodney D'cruz 

Personal touch, sound advice. 

Chai Ling Goh 

Chai Ling has been very responsive and has been able to propose legal solutions that are not compromising the commercial aspects.

 

 
Corporate and M&A

Work highlights 

Acted for Paramount Corporation on its acquisition of 49% stake in Navarang Charoennakorn which will be developing a 29-storey premium condominium project on the banks of Chao Phraya River. 

Key clients 

Maxis Broadband, Petroliam Nasional, Taliworks Corporation, Tesco

 
Capital markets

Work highlights 

Advised five banks including Merrill Lynch (Singapore) and Citigroup Global Markets the arrangers and dealers on PETRONAS Capital’s issue of $6 billion Rule 144A/Regulation S bonds.  

Acted as domestic underwriters’ counsel on Mr DIY Group’s IPO on the Bursa Malaysia’s Main MarketThe listing is Malaysia's largest IPO in three years and the biggest listing of a retailer to date.  

Key clients 

Hong Leong Investment Bank, HSBC Amanah MalaysiaJPMorgan Securities, RHB Investment Bank

 
Banking and finance

Work highlights 

Advised Kerian Solar, joint venture between French utility giant ENGIE and local energy player TTL Energy, on the development and financing of 100MW large scale solar plant.

 
Energy

Work highlights 

Acted as legal counsel for HSBC Amanah Malaysia as the principal adviser, lead arranger and lead manager on Leader Energy’s first issuance ASEAN green SRI sukuk wakalah. This will be used to part-finance the total development cost of two solar power projects in Kuala Muda, Kedah undertaken by Leader Solar Energy and Leader Solar Energy II. 

 
Infrastructure

Work highlights 

Acted for Maxis Broadband on the joint development and sharing of fibre infrastructure between Maxis Broadband, Celcom Axiata and Digi TelecommunicationsThe collaboration enables improved widespread of 4G connectivity to all Malaysians by increasing the country’s fibre infrastructure in line with ambitions under the National Digital Infrastructure Plan (JENDELA) and laying the critical groundwork to support 5G future sites.