Isetan (Singapore) (SGX:I15) said the High Court of Singapore has granted permission to convene a scheme meeting regarding its acquisition by Isetan Mitsukoshi, according to a Thursday filing on the local bourse.
The court order allows for the next steps in the acquisition process, pending shareholder approval and court sanction.
Meanwhile, the scheme involves the acquisition of all ordinary shares of Isetan (Singapore) by a wholly-owned unit of Isetan Mitsukoshi.
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