5E Resources to Delist From Singapore Exchange After Shareholder Payout
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5E Resources will delist from the Singapore Exchange effective Wednesday after confirming that ll entitled shareholders have received their scheme consideration, according to a Monday filing with the bourse. The delisting follows a series of regulatory and shareholder approvals. In a previous announcement, 5E Resources said it had obtained court approval to convene a shareholder meeting regarding the proposed acquisition. This acquisition, proposed by GreenEdge, excluded treasury shares and shares held by GreenEdge's concert party group.
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