Sue Wan Wong

Sue Wan has undertaken numerous transactions relating to initial public offerings, restructuring, mergers and acquisitions including take-overs of public listed companies. She has depth to her mergers and acquisitions experience given her role in advising companies in the acquisition and divestment of interests in financial institutions and capital market intermediaries, with such deals being consummated through share deals, schemes of transfers and also those that extend to triggering general offers.

Her practice includes advising on a suite of financial services regulatory matters, including on the establishment of financial service providers, regulatory enquiries, marketing of financial products and financial services compliance. She engages and advises businesses involved in the innovation, investment and development of financial technology products and services. Sue Wan has vast experience in advising clients at the forefront of innovation, helping to navigate the web of regulatory and compliance challenges, and to facilitate partnerships between industry players and regulators. Her significant experience includes advising on 'pay-later' factoring models, insurtech solutions, and fintech-as-a-service models, amongst others.

• Assisted the consortium of the joint offerors, Gateway Development Alliance Sdn. Bhd., formed with Pantai Panaroma Sdn. Bhd., Kwasa Aktif Sdn. Bhd., and GIP Aurea Pte Ltd in its successful privatization of Malaysia Airports Holdings Berhad (MAHB) through a conditional voluntary general offer for all the shares of MAHB not already held by the consortium. MAHB is the publicly listed operator of 39 airports in Malaysia including the Kuala Lumpur International Airport,and is also the operator of the Sabiha Gokcen International Airport in Turkiye. This significant and transformative takeover in the Malaysian aviation sector is based on a total equity value of RM 18.4 billion (estimated USD 4.17 billion), and is named the Best Privatisation Deal of 2025 by The Edge Malaysia.
• Acted for Bank of America Singapore Limited on the MYR 2.15 billion placement of ANZ Funds Pty Ltd (“ANZ”)’s shares in AMMB Holdings Berhad (“AMMB”) by an affiliate of BofA and CIMB Investment Bank Berhad to (a) investors outside of the United States in accordance with Regulation S under the US Securities Act of 1993 (“Reg-S Offering”) and (b) Malaysian investors in compliance with the Capital Markets and Services Act 2007. On the closing of the placement, ANZ’s shareholding in AMMB reduced from 21.7% to 5.2% and is in line with ANZ’s strategy of simplifying the bank’s operations.
• Advised Tokio Marine Life Insurance Malaysia Berhad (TMLM) on a bancassurance and bancatakaful partnership with RHB Bank Berhad and RHB Islamic Berhad (collectively, RHB) in collaboration with TMLM’s partners (Syarikat Takaful Malaysia Keluarga Berhad and Syarikat Takaful Malaysia Am Berhad; collectively, STMB) – together, the Banca Partnership. The Banca Partnership integrates three separate insurers and takaful operators collaborating to offer RHB a single interface for interaction and provision of services to RHB's customers, which involved complex multi-party structuring, regulatory compliance, competition law and risk allocation issues. This matter is one of the most strategically significant bancassurance and bancatakaful partnerships In Malaysia in recent years, both in terms of scale and complexity.
• Advised Liberty International Holdings Inc. and its Malaysian licensed general insurer, Liberty Insurance Berhad (LIB) on LIB's acquisition of AmGeneral Insurance Berhad (AmGen). This transaction includes a 20-year exclusive bancassurance partnership with AmBank (M) Berhad, AmBank Islamic Berhad and AMMB Holdings Berhad for the distribution of general and non-life insurance products of LIB and AmGen. Upon completion of the transactions, we will assist with the merger of LIB and AmGen via scheme of business transfer. The combined businesses of LIB and AmGen is expected to result in the creation of the largest motor insurer, and second largest property and casualty insurer, in Malaysia.
• Advised Touch 'N Go Sdn Bhd (TNG), a subsidiary of the CIMB group, on its entry into a joint venture with the Ant Financial Services Group (Ant Financial), the parent company of Alipay. The JV represents Ant Financial's first equity investment into Malaysia. The JV led to the creation of a world class financial services platform and payments provider which is expected to revolutionize the financial services industry in Malaysia, and in particular, domestic and cross border payments. TNG is Malaysia's largest electronic payment system operator, and Alipay is the world's leading digital financial services provider headquartered in China.
• Drafted the rules for Malaysia's Bursa Carbon Exchange (BCX), which includes all the requisite operating procedures, the agreements with the relevant custodians, application forms and on-boarding documents for participants to enable the operationalization of BCX. We further rendered legal and regulatory advice in relation to the nature of carbon credits (which also underpinned the analysis by the Shariah Committee on the BCX being a Shariah-compliant trading platform), and conducted a regulatory review in relation to the carbon credit market and the operation of carbon credit registries. The BCX is the first Shariah-compliant carbon exchange in the world.
• Advised Maybank Asset Management Group Bhd (MAMG), a wholly-owned subsidiary of Malayan Banking Bhd, in the following transactions: (i) MAMG’s MYR 51 million acquisition of a 100% stake in Amanah Mutual Bhd (AMB) and Singapore Unit Trusts Ltd (SUTL) from Amanah Saham Nasional Bhd and PNB International Limited, both of which are wholly-owned subsidiaries of Permodalan Nasional Bhd (PNB). The deal entailed MAMG acquiring ownership of AMB for MYR 16.12 million and SUTL for MYR 34.88 million; and (ii) PNB’s subscription of new shares in MAMG representing 20% of the enlarged share capital of MAMG, for MYR 50 million.
• Advised StashAway Malaysia Sdn Bhd, a Singapore-based robo-advisor known for its digital wealth management platform, on its application for the first Capital Market Services License for Digital Investment Management (DIM License) in Malaysia. The DIM License is the first of its kind in the country and StashAway Malaysia will be the first in the country to offer highly sophisticated, goal-oriented investment services to everyone, regardless of net worth.
• Assisted an innovative Singapore-based fintech company in connection with its proposed acquisition of 51% of the equity interest in an entity which will acquire the digital asset exchange business that is currently operated by a Recognized Market Operator registered with the Securities Commission Malaysia. This includes advising on the acquisition structure, regulatory requirements imposed on a digital asset exchange and preparing/reviewing the relevant transactional documents to be entered into. This will be one of the first M&A deals in the cryptocurrency space in Malaysia.
• Advised a leading digital asset exchange registered with the Securities Commission of Malaysia (SC) on the regulatory framework for the proposed distribution of tokenised money market fund units to retail investors through its digital platform. The matter involved novel legal and regulatory issues at the intersection of digital assets and tokenised capital markets, in an area with limited market precedent in Malaysia.

• Malaysian Bar
• Kuala Lumpur Bar
• Persatuan Siswazah Wanita Malaysia