The business landscape in Malaysia is rapidly evolving. There is a surge of interest among businesses for engaging in mergers and acquisitions as well as IPOs. These avenues appear attractive for businesses striving to expand their market presence and share and maximizing profitability, leading to their popularity.
As businesses in the region continue to expand aggressively along these lines, the demand for expert corporate and conveyancing lawyers is expected to continue rising as well. These legal experts streamline transactions, finding expedient ways for businesses to achieve their expansion goals.
Within this realm, Phang Tham Teoh & Co (PTT), a legal firm specializing in corporate and conveyancing works, emerges as a reliable and efficient partner. Catering to diverse clients through tailored solutions that fulfill their aspirations, the firm has grown exponentially in reputation in a short span of time.
Expert Legal Solutions
The corporate team consists of seasoned professionals headed by Kyle Phang, whose forte rests in acquisition, corporate finance, joint venture and listing on stock exchange. On the other hand, the conveyancing team, which too consists of seasoned experts, is headed by Tham Giap Chi who specializes in project conveyancing and sub-sale related matters, including high value land acquisition. Teoh Chia How, another founding partner, specializes in pre- IPO arrangement and venture capital/private equity funds investment matters.
Over the past three years, under the leadership of Kyle, the firm has been engaged with M&A matters with aggregate transaction value exceeding RM3.0 billion and raised more than RM2.0 billion for the client. Currently, he is advising
over 10 public listed companies on legal and commercial issues. Through a proactive and agile approach, PTT leverages its knowledge, experience, and creativity to provide innovative solutions for driving client success.
When dealing with such distinct clients, the team is often required to really think outside the box, and improvise solutions that can often be distinct from readily available precedent.
While devising such innovative and 'unorthodox' legal solution, PTT does not compromise of ensuring adherence on legal compliance.
“Adhering to the existing standard and readily available precedents pose a lucrative convenience to many practitioners. However, the legal industry needs to morph alongside with the creativity found in the financial industry. Clients are craving for more contemporary legal solutions, especially structuring of corporate transactions by striving for an optimized equilibrium between commerciality, tax efficacy and compliance. To this end, here at PTT, we constantly engage with our client to 'think outside the box' in ensuring that our client’s best interest is upheld without compromising the commercial matrix of the deal”, shares Kyle Phang, Managing Partner, Phang Tham Teoh & Co.
Kyle believes that legal solutions need to stay 'trendy' by keeping abreast with the current market needs. He quoted an example that the firm’s property developer clients are skewing towards maximizing profitability through land cost/cashflow optimization. Therefore, land transactions are evolving from outright purchase of land to joint development whereupon the firm is catering to such prevalent market needs.
The firm diversifies clients based on their unique needs & assigns the appropriate expert to provide inventive solutions pertinent for the matter at hand
The combined expertise of the partners enables the firm to deliver suitable legal services and support that align with its vision to burnish its skill and carve a distinctive position in the market. Before taking on a client, the firm conducts a cursory due diligence exercise with the aim of identifying the client’s requirements and expectations. Thereafter, the firm tries to find whether or not the issue falls within its area of practice, and if the client falls within its target group. Through such measures, the firm aims to maximize its resource utilization, and ensure that its focus is concentrated on recurring clients instead of doing one-off business. Kyle is a steadfast believer of 'everyone is not your customer'.
Future Vision
Currently established as a boutique firm, PTT is on the path to becoming a specialist centre in the coming years. Dedicated to positioning itself as a specialist rather than general practicing firm, aiming at fueling its future expansion goals, the firm is poised to attracting specific specialists from varied practice areas.
The firm is also dedicated to focus on talent retention by implementing a breakthrough from the conventional salary cum discretionary bonus type of remuneration package. Lastly, PTT is also striving to expand regionally as it is increasingly providing advice for M&A and IPOs in different jurisdictions. Currently, Kyle is advising on a top-15-rated Fortune 500 conglomerate on establishing their first port business in Malaysia and a handful of foreign acquisitions. Through these diversified strategies, the firm is aiming for regional growth in the next few years, which, through its passion and diligence is sure to happen.
Kyle Phang, Managing Partner, Phang Tham Teoh & Co (PTT)
Kyle has more than 10 years of experience in listing on the stock exchange, merger and acquisition, corporate finance, and joint ventures. Over the past three years, Kyle was engaged with M&A matters with aggregate transaction value exceeding RM3.0 billion and raised more than RM2.0 billion for his client. Currently, he is advising over 10 public listed companies and venture capital on legal and commercial matters. Some of his notable experiences include chain listing for a construction conglomerate with aggregate market capitalization of RM15.0 billion, acquisition of a foreign financial institution, distribution of Pfizer vaccine and advising a top-15-rated Fortune 500 conglomerate on establishing their first port business in Malaysia.
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