Mr. Aziz has represented a number of multinational corporations in connection with takeovers, acquisitions, divestments of shares and assets, and joint ventures. He has also worked on corporate reorganisations and de-mergers involving leading publicly listed Malaysian companies. He has also been involved in domestic and international securities transactions including bond offerings and Initial Public Offerings.
Representative Legal Matters
Advised Morgan Stanley & Co. International PLC in connection with a placement by Seadrill Ltd of approximately 490 million ordinary shares, amounting to 8.2 percent of the capital of SapuraKencana Petroleum Berhad. Maybank Investment Bank Berhad acted as a co-bookrunner in the placement.
Advised Shell Overseas Holdings Limited (Shell) on its USD66.3 million (equivalent to MYR275 million or MYR1.80 per share) sale of its 51% interest in Shell Refining Company (Federation of Malaya) Berhad (SRC) to Malaysia Hengyuan International Limited, a Labuan incorporated subsidiary of Shandong Hengyuan Petrochemical Company Limited (Shandong Hengyuan). The sale marks the first overseas refinery acquisition by Shandong Hengyuan and the completion of the transaction will trigger a mandatory takeover offer for the remaining shares of SRC held by shareholders other than Shell, amounting to an additional USD63.7 million in value.
Advised Telekom Malaysia Bhd. (TM), a leading fixed-line and broadband provider, on its Investment Agreement with Green Packet Bhd. (Green Packet) and SK Telecom Co., Ltd. (SK Telecom), to collaborate on developing a next-generation Long-Term Evolution (LTE) infrastructure for converged communications services in Malaysia. As part of the Investment Agreement, TM will invest MYR350 million into Packet One Networks Sdn. Bhd. (P1) to make TM the majority shareholder with an estimated 57 percent stake. TM will also invest up to RM210 million into Green Packet, and TM, Green Packet and SK Telecom will subscribe for the redeemable convertible unsecured bonds to be issued by P1 to raise up to MYR1.65 billion toward the roll-out of the LTE network and operation, therefore valuing the entire deal at approximately MYR2.2 billion.
Acted for BIMB Holdings Berhad in connection with the acquisition of a 49 percent stake in Bank Islam Berhad from the Dubai Financial Group LLC and Lembaga Tabung Haji for a total purchase consideration of approximately MYR2.8 billion. Our corporate team advised on the M&A aspects of the transaction as well as the MYR1.8 billion rights issuance, while our finance team advised Bank Islam as lead arranger on the MYR1.7 billion sukuk issuance, therefore valuing the entire deal at approximately MYR6 billion. The deal was named the Equity Deal of the Year in 2013 by Islamic Finance News and the Equity Market Deal of the Year by the 2014 Asian Legal Business Malaysia Law Awards.
Advised Malakoff Corporation Berhad, Malaysia's largest independent power producer, on two agreements with Sime Darby Energy Sdn. Bhd., for the acquisition of Sime Darby Berhad's Malaysian power business.
Professional Associations and Memberships
Honorary Secretary of the Malaysian Mergers & Acquisitions Association
- Singapore (2002)
- Malaysia (1998)
- England & Wales~United Kingdom (1997)
- Oxford University (M.A. Hons) (2005)
- Cambridge University (LL.M.) (1997)
- Oxford University (B.A. Jurisprudence Honors) (1996)
Author, "Why List on the AIM," The Edge, Aug 2007
Author, "Proposed amendments to Capital Maintenance Rules and Share Capital for Malaysian companies," Asia Pacific M&A Newsletter, April 2006
Author, "Proposed amendments to Capital Maintenance Rules and Share Capital for Malaysian companies," June 2005