Melbourne, Australia – Baker & McKenzie has been appointed as legal adviser to e-pay Asia Limited in relation to an off-market takeover offer by GHL Systems Berhard.

E-pay Asia Limited operates in the electronic payment industry as a provider of electronic top-up services for mainly prepaid mobile users and the sale of software services. E-pay Asia Limited (ASX: EPY) is one of Asia’s largest regional electronic payment networks consisting of 18,000 points of sale that can accept cash payments for pre-paid mobile, reload, bills payment and process debit and credit card transactions.

GHL will offer cash consideration of A$0.40 per EPY share. As an alternative, shareholders will have the choice to elect to receive 2.75 GHL shares per EPY share held, which will be listed on Bursa Malaysia Securities Berhad.

Pursuant to the proposed acquisition, the enlarged group should have an Electronic Data Capture terminal network of about 60,000 terminals in Malaysia alone.

The Baker & McKenzie team was led by Corporate partner Richard Lustig.