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"[Valerie Ong] ...knows her stuff,"... She's very good in her area of work... she protects clients' interests. She'll go the extra mile for her client."
IFLR1000 Leading Lawyer 2013
According to sources, Valerie Ong is a "very pragmatic lawyer who will make sure you are protected, but also give you the commercial standpoint."
Chambers Asia Guide 2013, Corporate/M&A: Domestic: Singapore
Valerie's portfolio covers Capital Markets and Mergers & Acquisitions. In practice over 20 years, she has extensive transactional and cross-border experience.
Valerie has represented funds and property developers in some of the city’s largest corporate real estate acquisitions, including 78 Shenton Way (sale of 50% share interest to an Alpha Investment Partners fund, property valued at S$608 million), nex shopping mall (purchase of 50% share interest from a Pramerica fund for over S$800 million); Twenty Anson (S$430 million, in 2012); Crowne Plaza Changi Airport (S$299.5 million in 2011, which won the HICAP award in Hong Kong), and DBS Building Towers 1 and 2 (S$870.5 million, in 2010).
Her cross-border work includes advising CapitaLand Limited in its investment in the consortium (which includes a Temasek unit) which is undertaking a landmark mixed development in Chongqing, China. The RMB21.1 billion (S$4.1 billion) project at the prime 987,943 sq. ft. site in Chao Tian Men is reported to be CapitaLand’s largest development in China to-date. She also acted for CapitaLand in the joint venture which submitted the top bid of S$969 million in the URA tender of the white site at Boon Lay Way, Singapore.
She has acted in over 20 listings (including S-chips). Notably, she acted for Yangzijiang Shipbuilding (Holdings) Ltd in its global offering and listing on the Singapore Exchange (SGX) which raised almost S$1 billion and remains Singapore's largest S-chip IPO to-date. Her other listings include Global Palm Resources Holdings Ltd (SGX), Vision Fame International Holding Limited (HKSE), China Kangda Food Co Ltd (HKSE) and Asia Distribution Solutions Limited (AIM). She has advised in various capacities, including as Solicitors to the Invitation and as Legal Advisers to the Issue Managers, Placement Agents and Underwriters, on the following listings:
Currently she is advising GMR Coal Resources Pte. Ltd. in the reverse takeover transaction by United Fiber System Limited, to acquire from PT Dian Swastatika Sentosa Tbk and GMR Coal Resources Pte. Ltd. 96.99% of the share capital of PT Golden Energy Mines Tbk (an IDX-listed coal company), a deal worth S$2.24 billion. She also represented Channelview Investment Ltd in its acquisition and delisting of Beyonics Technology Limited by way of a scheme of arrangement, a deal valued at S$139.2 million.
In debt capital markets work, she has served as issuer counsel for Overseas Union Enterprise Limited's S$300 million secured fixed rate listed bond issue, for Eu Yan Sang International Ltd's issue of S$25 million fixed rate notes due 2016 and placement of 22 million warrants; as bank counsel in the S$113 million sale of their security interests in Sincere Watch Limited; counsel to trustee & administrator in the US$346 million Vesta Investment Corporation Limited FRN issue (in the securitisation of the Metropolitan and Scotts High Park condominium). She also advises banks, capital market services firms and financial advisers as part of her regulatory and compliance work. In 2009, she was part of the team acting for 11 banks and stock broker distributors of the Lehman Brothers Minibonds notes in their dealings with the Monetary Authority of Singapore and the notes trustee.
Valerie is a member of the Income Tax Board of Review and serves as independent director of Sarin Technologies Ltd (the first Israeli company to list on SGX), and Chemical Industries (Far East) Limited.