5E Resources Enters Scheme of Arrangement to Sell Entire Shares to Greenedge; Shares Surge 19%

MT Newswires

2024/10/25

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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