AF Global shareholders back scheme of arrangement for AFG Investment takeover

SGX Filings
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AF Global Limited told investors on Mar, 10 2026 that its scheme shareholders have voted in favour of the proposed acquisition of all issued shares not already owned by Aspial Corporation and Mr Koh Wee Meng.

At the scheme meeting held the same day, 81.29% of the shareholders present and voting approved the resolution, representing 92.33% of the votes cast by value—well above the statutory thresholds of a majority in number and at least 75% in value.

With the shareholder nod secured, the company will seek Court sanction of the scheme on or around Mar, 25 2026. Subject to Court approval and other conditions, the takeover is expected to become effective on or around Apr, 08 2026, with payment of scheme consideration targeted for Apr, 17 2026 and a delisting of AF Global shares anticipated on or around Apr, 24 2026.

The announcement also confirmed that the Offeror, its concert parties and certain conflicted directors abstained from voting, in line with regulatory requirements. MSA Business Solutions served as scrutineer for the poll.

AF Global said detailed minutes of the meeting, including responses to shareholder questions, will be published within one month.

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