Ashurst is advising Religare Capital Markets Limited ("RCML") in
relation to the acquisition of Central Joint Enterprises Limited
("CJE"). The acquisition is conditional upon regulatory clearances
in Hong Kong and Singapore.
CJE, which trades as Aviate Global (Asia), is a Hong
Kong-headquartered Asia equities trading franchise with offices in
Hong Kong, Singapore and Melbourne.
RCML is the investment banking and institutional securities arm of
global financial services group, Religare Enterprises Limited. This
acquisition sees RCML add some 30 professionals to its team in Asia
and represents a key part of its strategy to develop a full service
equities and investment banking business in the region.
The Ashurst team advising RCML was led by Hong Kong corporate partner Robert Ogilvy Watson, with
associates Daniel Öhvall and Ronnie Bow. Financial
institutions partner Peter
Kwon is advising on Hong Kong regulatory clearances.
Krishna Ramachandra, partner at Arfat Selvam Alliance LLC is
advising on Singapore regulatory clearances.