MT Newswires07-28 13:31
Avarga's (SGX:U09) shareholders approved the scheme resolution for its proposed acquisition by TKO at a court meeting held on Monday, according to a same-day filing with the Singapore Exchange.
The scheme will see TKO acquire all shares of the company other than treasury shares and those held by excluded shareholders.
The investment holding company will now apply to the court to sanction the scheme, with hearing expected on or around Sept. 10.
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