Sequoia Financial Group (ASX:SEQ) received confirmation from the Australian Securities Exchange (ASX) that the regulator will not require it to obtain shareholder approval for the proposed disposal of InterPrac Financial Planning to Conquest Investment Partners, according to a Thursday Australian bourse filing.
The company said ASX will not require it to re-comply with chapters 1 and 2 of the ASX listing rules or obtain shareholder approval under listing rules 11.1.2 or 11.2 in respect of the proposed transaction.
Sequoia Financial Group's shares rose 1% in recent Thursday trade.
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