Singapore firm Stamford Law Corp. and Latham & Watkins are advising on a $1.2 billion reverse takeover by Indonesian energy and infrastructure group PT Dian Swastatika.

The deal will see Singapore-based investment holding company United Fiber System Ltd. acquire from Dian Swastatika a 67-percent stake in a coal-mining subsidiary PT Golden Energy Mines Tbk. Dian Swastika will in return receive $1.2 billion in new shares in United Fiber, giving it a 93-percent interest in the company.