5E Resources Buyout by GreenEdge Clears Court Hurdle
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5E Resources said the High Court sanctioned its acquisition by GreenEdge, paving the way for the scheme to take effect, according to a Friday filing on the Singapore Exchange. The last trading day for 5E shares will be Feb. 10, with suspension from Feb. 11. The scheme is expected to become effective on or around Feb. 20, with payments to shareholders by March 3. The company will be delisted from SGX around March 5.
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