Spindex Industries’ Acquisition Scheme by Skyline II Becomes Effective

SGX Filings

Feb 02

Spindex Industries Limited announced that the court-sanctioned scheme of arrangement for Skyline II Pte. Ltd.’s acquisition of all its issued shares became effective on Feb, 02 2026 after the relevant court order was lodged with the Accounting and Corporate Regulatory Authority.

Under the scheme, entitled shareholders will receive 1.43 Singapore dollars in cash per share within seven business days of the effective date, no later than Feb, 11 2026.

Spindex added that all conditions set by Singapore Exchange Regulation for its planned delisting have been satisfied. The company expects its shares to be removed from trading on the Singapore Exchange by Feb, 13 2026 and will release a further update once the scheme consideration is paid.

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