EX-5.1 3 ea184820ex5-1_republic.htm OPINION OF FORBES HARE REGARDING THE VALIDITY OF THE ORDINARY SHARES BEING REGISTERED

Exhibit 5.1

 

Qwomar Building info@forbeshare.com
P.O. Box 4649, Road Town www.forbeshare.com
Tortola VG1110  
British Virgin Islands  
T: +1 284 494 1890  
F: +1 284 494 1316  

 

DD: +1 284 542 1899  
E: Jose.santos@forbeshare.com
Our Ref: JS/MBD/6328.001
Your Ref: Reference
   
Republic Power Group Limited
158 Kallang Way #06-08
Singapore, Republic of Singapore
S349245
   
12 September 2023

 

Dear Sirs

 

Republic Power Group Limited (the “Company”)

 

We are lawyers licensed and qualified to practice law in the British Virgin Islands. We have acted as special British Virgin Islands counsel to the Company to provide this legal opinion in connection with the Company’s Registration Statement on Form F-1-A (File number 333-266256), including all amendments or supplements thereto (“Form F-1”), filed with the Securities and Exchange Commission (the “Commission”) under the United States Securities Act of 1933 (the “Act”), as amended, (the “Registration Statement”) in relation to: (i) the underwritten public offering of 1,280,000 ordinary shares of par value US$0.000625 in the Company (ii) the offering of 730,000 by the Selling Shareholder and (iii) the Underwriter’s over-allotment option of up to an additional 192,000 ordinary shares of par value US$0.000625 in the Company (the “Ordinary Shares”).

 

1.Documents Reviewed

 

We have reviewed originals, copies or drafts of the following documents and have examined such other documents and considered such legal matters as we have deemed necessary for the purpose of rendering this legal opinion:

 

1.1The public records of the Company on file and available for public inspection at the Registry of Corporate Affairs in the 12 September 2023 including:

 

1.1.1the Company’s Certificate of Incorporation; and

 

1.1.2the Company’s amended and restated Memorandum and Articles of Association dated 29 August 2023.

 

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1.2A Registered Agent’s Certificate dated 4 September 2023 issued by Vistra (BVI) Ltd, the Company’s registered agent, (a copy of which is attached as Appendix A) (the “Registered Agent’s Certificate”).

 

1.3A Certificate of Good Standing issued by the Registry of Corporate Affairs on 12 September 2023 (the “Certificate of Good Standing”)

 

1.4The records of proceedings on file with and available for inspection on 12 September 2023 at the British Virgin Islands High Court Registry (the “High Court Registry”).

 

1.5The Registration Statement.

 

2Assumptions

 

In giving this opinion we have assumed, without further verification, the completeness and accuracy of the Registered Agent’s Certificate and that the information contained in such certificate remains accurate as at the date of this opinion. We have also relied upon the following assumptions, which we have not independently verified:

 

2.1Copies of documents, conformed copies or drafts of documents provided to us are true and complete copies of, or in the final forms of, the originals.

 

2.2All signatures, initials and seals are genuine.

 

2.3The accuracy and completeness of all factual representations expressed in or implied by the documents we have examined.

 

2.4That all public records of the Company which we have examined are accurate and that the information disclosed by the searches which we conducted against the Company at the Registry of Corporate Affairs and the High Court Registry is true and complete and that such information has not since then been altered and that such searches did not fail to disclose any information which had been delivered for registration but did not appear on the public records at the date of our searches.

 

2.5There is nothing under any law (other than the law of the British Virgin Islands) which would or might affect the opinions hereinafter appearing. Specifically, we have made no independent investigation of the laws of the [State of New York].

 

3Opinion

 

Based upon, and subject to, the foregoing assumptions and the qualifications set out in section 4 below, and having regard to such legal considerations as we consider relevant, we are of the opinion that:

 

3.1The Company is a company limited by shares and registered under the BVI Business Companies Act, 2004 (as amended) (the “Act”), in good standing at the Registry of Corporate Affairs and validly existing under the laws of the British Virgin Islands, and possesses the capacity to sue and be sued in its own name.

 

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3.2The Ordinary Shares to be offered and sold by the Company as contemplated by the Registration Statement have been duly authorised for issue, and when issued by the Company against payment in full, of the consideration, in accordance with the terms set out in the Registration Statement and duly registered in the Company’s register of members (shareholders), such Ordinary Shares will be validly issued, fully paid and non-assessable (meaning that no further sums are payable to the Company on such securities).

 

3.3The disclosures in the Registration Statement under the section “TAXATION - British Virgin Islands Taxation” are accurate in all material respects.

 

4Qualifications

 

The opinions expressed above are subject to the following qualifications:

 

4.1To maintain the Company in good standing under the laws of the British Virgin Islands, annual filing fees must be paid to the Registry of Corporate Affairs.

 

4.2The obligations of the Company may be subject to restrictions pursuant to United Nations sanctions as implemented under the laws of the British Virgin Islands.

 

4.3We make no comment with regard to any references to foreign statutes in the Registration Statement.

 

4.4This opinion is given only as to, and based on, circumstances and matters of fact existing and known to us on the date of this opinion. This opinion only relates to the laws of the British Virgin Islands which are in force on the date of this opinion.

 

5Consents

 

In connection with the above opinion, we hereby consent:

 

5.1To the use of our name in the Registration Statement, the prospectus constituting a part thereof and all amendments thereto under the caption “Legal Matters”; and

 

5.2To the filing of this opinion as an exhibit to the Registration Statement.

 

This opinion may be relied upon by the addressee only. It may not be relied upon by any other person except with our prior written consent.

 

This opinion is limited to the matters detailed herein and is not to be read as an opinion with respect to any other matter.

 

Yours faithfully

 

 

 

Forbes Hare

 

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Annexure A

 

Registered Agent’s Certificate

 

 

 

 

 

 

 

 

 

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