Rajah & Tann Singapore acted as Singapore counsel to AustAsia Group Ltd. (“AAG”) in respect of its initial public offering and listing on the Main Board of The Stock Exchange of Hong Kong Limited. The transaction constitutes a spin-off listing by Japfa Ltd. of its China-focused dairy unit, by way of a distribution in specie of Japfa Ltd’s shares in AAG to its shareholders. AAG’s market capitalisation was approximately HK$4,479 million at the time of listing. Partners Evelyn Wee and Hoon Chi Tern led the transaction. Partner Benjamin Cheong led the intellectual property aspects of the transaction and Partner Vikna Rajah led the tax aspects of the transaction.