Ban Leong cancels final dividend amidst compulsory acquisition, upcoming delisting
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Ban Leong Technologies has canceled its proposed final dividend of $0.013 per share for FY2025, initially set for approval at the upcoming AGM. This decision is due to the ongoing compulsory acquisition of shares from dissenting shareholders, the impending delisting from the SGX-ST, and a 60-day extension granted by ACRA for the AGM. The cancellation will not impact the acquisition terms, and dissenting shareholders will still receive the full offer price of $0.6029 per share in cash.
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