Vesync's Takeover Scheme Sanctioned by Cayman Islands Court

MT Newswires Live

2025/05/02

Vesync (HKG:2148) said Friday the scheme of arrangement related to a takeover offer for the company by Victory III was sanctioned by the Grand Court of the Cayman Islands on Thursday, a Friday Hong Kong bourse filing said.

The scheme is expected to become effective May 6 subject to condition fulfillment, following which the listing of the company's shares will be withdrawn from the Hong Kong bourse May 7.

Victory III had, in December 2024, launched a proposal to privatize the smart home device marketplace through a scheme of arrangement.

Price (HKD): $5.57, Change: $+0.040, Percent Change: +0.72%

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