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Slow Start
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PhillipTan
Supreme |
12-Jul-2021 22:20
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Court sanctions Aspial Corp' s bid to privatise World Class GlobalAspial Corporation' s bid to take its property developer subsidiary World Class Global (WCG) private via a scheme of arrangement has been sanctioned by the court on Monday, the jewellery group said in a Singapore Exchange filing that evening.Subject to the satisfaction - or waiver, where applicable - of the scheme conditions, it will become effective and binding upon the lodgement of the court order with the Accounting and Corporate Regulatory Authority. The effective date of the scheme is expected to be on July 22, said Aspial, adding that this is indicative and may be subject to change. Shareholder approval for the move had earlier been gained at a scheme meeting on June 15. Under the acquisition offer by Aspial Corp, all WCG shares held by shareholders other than Aspial will be transferred to the jewellery group. WCG shareholders will receive new ordinary shares in Aspial in exchange, at a rate of S$0.21 per WCG share to S$0.19 per Aspial share. Aspial shares closed up 0.2 Singapore cent or 1.56 per cent at S$0.13 on Monday before the news. |
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Joelton
Supreme |
26-May-2021 13:15
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World Class Global gets nod to delist if takeover approved by shareholders, court
WORLD Class Global has obtained in-principle approval from the Singapore Exchange Regulation (SGX RegCo) for its proposed delisting, if its takeover is approved by shareholders and sanctioned by the court.
In its regulatory statement on Tuesday, the property developer said that the frontline regulator has allowed its delisting in principle, if the acquisition offer through a scheme of arrangement gets the nod from shareholders and the court, and becomes effective.
The court will hear the application from World Class Global on May 27 to hold the scheme meeting.
The acquisition offer by jewellery group Aspial Corp, World Class Global' s parent firm, proposes that all World Class Global shares held by shareholders other than Aspial be transferred to the jewellery group. A holder of World Class Global shares will receive 110 Aspial shares for every 100 World Class Global shares held.
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eric998
Supreme |
15-Jun-2017 10:16
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NAV only 11cents, hope it don't end up like TeeLand IPO at more than 50cents and now 20cents.. not confident to hold.. DYODD,
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toyy65
Member |
15-Jun-2017 09:50
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Not so good start ah ! Must be today' s market sentiment... |
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