Matrix Composites Says Scheme for Acquisition by Advanced Innergy Becomes Legally Effective; Advanced Innergy Shares Reach All-Time Low

MT Newswires Live

07/14

Matrix Composites & Engineering (ASX:MCE) said the proposed acquisition of the firm by Advanced Innergy Solutions Australia, a wholly-owned unit of Advanced Innergy Holdings (ASX:AIH), via a scheme of arrangement became legally effective on Tuesday, according to a same-day Australian bourse filing.

It lodged a copy of the Federal Court's orders approving the scheme with the Australian Securities and Investments Commission.

Its shares are expected to be suspended from trading on ASX with effect from the close of trading on the same date.

Shares of Advanced Innergy fell 7% in recent trading on Tuesday, reaching an all-time low.

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Engineering (ASX:MCE) said the proposed acquisition of the firm by Advanced Innergy Solutions Australia, a wholly-owned unit of Advanced Innergy Holdings (ASX:AIH), via a scheme of arrangement became legally effective on Tuesday, according to a same-day Australian bourse filing.</p><p>It lodged a copy of the Federal Court's orders approving the scheme with the Australian Securities and Investments Commission.</p><p>Its shares are expected to be suspended from trading on ASX with effect from the close of trading on the same date.</p><p>Shares of Advanced Innergy fell 7% in recent trading on Tuesday, reaching an all-time low.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"STW.AU","symbol_name":"SPDR® S&P/ASX 200 ETF","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2651121235","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2651121235","pubTimestamp":1784006396,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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