AF Global Secures Court Hearing Date For Privatization Scheme

MT Newswires

03/19

AF Global (SGX:L38) has secured a court hearing date to sanction its proposed scheme of arrangement that would lead to the privatization of the company, according to a Thursday filing with the Singapore Exchange.

The court has scheduled the hearing for Friday, March 27 at 5 pm.

The scheme involves the acquisition of AF Global by AFG Investment. The proposal excludes shares already held by Aspial Corporation Limited and Koh Wee Meng.

Following the conclusion of the hearing, the company's shares are expected to be delisted on or around April 30, the filing added.

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