Acquisitions by AirAsia SuperApp Sdn Bhd and AirAsia Digital Sdn Bhd from Gojek

Acted for AirAsia SuperApp Sdn Bhd and AirAsia Digital Sdn Bhd in their US$50 million acquisition from Gojek of its Thai business, comprising US$40 million equity interest in Velox Technology (Thailand) Co., Ltd and US$10 million equity interest in Velox Fintech Co., Ltd. These will be transferred into shares for the AirAsia Super App, which is valued at US$1 billion. Partners Tan Mui Hui from Rajah & Tann Singapore; Kuok Yew Chen and Law Jun Chin from Christopher Lee Ong; and Dussadee Rattanopas from RT Asia (Thailand) led the transaction.