Slaughter and May is advising Ideal Jacobs (Malaysia) Corporation Berhad on the proposed disposal of its existing businesses

Slaughter and May is advising Ideal Jacobs (Malaysia) Corporation Berhad (‘Ideal Jacobs’) on the Hong Kong aspects of the proposed disposal of Ideal Jacobs (HK) Corporation Ltd and Ideal Jacobs (Xiamen) Corporation to Oriental Dragon Incorporation Limited for a total cash consideration of RM28.0 million. The transaction was announced on 18 August 2017.

Ideal Jacobs is listed on the ACE Market of Bursa Malaysia.

The proposed disposal is inter-conditional with the proposed acquisition by Ideal Jacobs of Widad Builders Sdn Bhd. The transactions are expected to be completed in the first quarter of 2018.