Rubicon Law advised as Singapore counsel to Taliworks Corporation Berhad, a Main Market–listed company on Bursa Malaysia, on its proposed acquisition of equity interests in four solar projects in Selangor, Malaysia. The RM180.4 million transaction is being undertaken through Taliworks Renewables Sdn. Bhd. pursuant to conditional sale and purchase agreements with affiliates of Brookfield Asset Management Inc. and SEV Renewables Sdn Bhd, and is subject to regulatory approvals and customary conditions. The acquisition marks Taliworks’ strategic entry into the renewable energy sector, positioning it for future participation in Malaysia’s growing renewables landscape.

Rubicon Law is pleased to announce that we have acted for Tonik Financial Pte. Ltd. (“Tonik”), Southeast Asia’s first digital-only bank, in its US$21 million Series A equity financing round completed in June 2020. The round was led by blue-chip venture capital investors Sequoia Capital India and Point72 Ventures, supporting Tonik’s upcoming launch in the Philippines following the grant of a full bank licence by the country’s banking regulator.