Rodyk acted for Parco Co., Ltd and The Seiyu, Ltd in the divestment by its Singapore subsidiaries of 114,358,242 ordinary shares constituting 100% of the share capital of Seiyo Investment (S) Pte Ltd.  The purchaser, CapitaLand Retail (BJ) Investments Pte Ltd, is an indirect wholly-owned subsidiary of CapitaLand Limited.

Seiyo Investment had a direct interest in the BCH group of companies which in turn owns Bugis Junction, a mixed development comprising retail, office and hotel components. Besides the purchaser and Seiyo Investment, there are two other major shareholders in BCH, namely, Keppel Land and OCBC Bank.

The size of the transaction was approximately S$139 million and involved several months of negotiations between the parties. Rodyk acted for the vendors as lead counsel in negotiating and finalising the sale and purchase agreement, and advising on the legal and commercial issues arising from the transaction.

The Rodyk team was led by corporate partner Gerald Singham and assisted by associates Angelyn Koh and Lau Kiat Wee.