Celestia BidCo Limited (“Offeror”) and ANE (Cayman) Inc. (“Company,” Stock code: 9956) jointly announced that the Grand Court of the Cayman Islands sanctioned, without modification, the scheme of arrangement related to the proposed delisting of the Company on 30 January 2026 (Cayman Islands time). According to the announcement dated 2 February 2026, a sealed copy of the sanction order is expected to be delivered to the Registrar of Companies in the Cayman Islands on 5 February 2026, fulfilling one of the remaining conditions for the scheme’s implementation.
The announcement indicates that certain conditions (including regulatory approvals and consents) remain outstanding, and the proposal may or may not become effective. Once the outstanding conditions are satisfied or waived as applicable, the scheme is expected to become effective on 5 February 2026 (Cayman Islands time). The Option Offer and the RSU Offer will simultaneously become unconditional and precede the withdrawal of the Company’s shares from the Stock Exchange.
The Company has received approvals for listing withdrawal to take effect at 4:00 p.m. on 9 February 2026, subject to the scheme becoming effective. Scheme Shareholders’ entitlements will be determined based on the Scheme Record Date of 29 January 2026, and relevant settlement arrangements are expected to be completed within seven business days following the scheme’s effective date.
The announcement emphasizes that the scheme, the option offer, and related transactions will proceed only if all conditions set out in the composite scheme document are satisfied or waived where applicable. Shareholders, optionholders, RSU-holders, and potential investors are advised to exercise caution when dealing in the Company’s securities, given the remaining uncertainties about the scheme’s effectiveness.