Isetan Singapore Shareholders Approve Acquisition Scheme by Isetan Mitsukoshi

MT Newswires08-08

Isetan Singapore (SGX:I15) shareholders approved a scheme of arrangement to facilitate the acquisition by Isetan Mitsukoshi, according to a Wednesday filing on the Singapore Exchange.

Nearly 89% of shareholders present supported the scheme, which will now be submitted to the Court for sanction.

Key dates include a Court hearing on Aug. 29, expected last trading day on Sept. 3, and final payment by Sept. 23. Isetan Singapore will be delisted from the SGX-ST by September 25.

Price (SGD): S$7.14, Change: S$+0.07, Percent Change: +0.99%

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