Jan 2025
Conyers provided Cayman Islands legal advice to CM Hi-Tech Cleanroom Limited (“CM Hi-Tech”)in connection with its privatisation by Mayair HK Holdings Limited by way of a scheme of arrangement under section 86 of the Companies Act. The maximum amount of cash consideration payable would be approximately HK$239 million.
CM Hi-Tech, founded in 1989 in Malaysia as a cleanroom equipment trading business, has expanded alongside Asia’s cleanroom industry. By 1995, CM Hi-Tech established its first production facility, Micron Technology, to manufacture cleanroom equipment under the Micron brand.
Partner Flora Wong, Associate Yvonne Lee and Legal Manager Michelle Au of Conyers’ Hong Kong office advised on the matter working alongside Guantao & Chow Solicitors and Notaries and Howse Williams.