Perth, 15 June 2012: Clayton Utz has advised ASX/HKEx listed Wah Nam International Holdings Limited in respect of its successful off-market takeover bid for ASX listed Brockman Resources Limited. The A$456 million bid (through its subsidiary Wah Nam International Australia Pty Ltd) closed yesterday.
Wah Nam is now entitled to proceed to compulsorily acquire the remaining shares in Brockman, which will result in it holding 100%. Wah Nam is proposing to commence the formal compulsory acquisition process in accordance with the Corporations Act 2001 (Cth) in due course.
Clayton Utz Perth Corporate partner Mark Paganin led the firm's team in advising Wah Nam, which included senior associate Stephen Neale and lawyer Elizabeth Maynard.