5E Resources (SGX:NLC) entered into a scheme of arrangement with GreenEdge for the proposed acquisition of the entire stake in the company, according to a filing with the Singapore Exchange on Friday.
The scheme consideration for each share is SG$0.38 in cash.
The Malaysian-based company, along with concert party group, currently holds around 77.22% of the total number of issued shares.
Shares of the industrial waste management company surged over 19% in recent trading.
Price (SGD): S$5809.86, Change: S$+12, Percent Change: +0.21%
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