AF Global Reaches Key Milestone in Privatisation Scheme Meeting

Aspial Corporation Limited ( (SG:A30) ) just unveiled an announcement.

AF Global Limited reported the results of a court-convened scheme meeting held on 10 March 2026, called to consider a proposed acquisition of all its issued shares, excluding those held by Aspial Corporation Limited and major shareholder Koh Wee Meng. The meeting follows a series of court approvals, regulatory-related postponements and disclosures, and is a key step in implementing the scheme of arrangement for the buyout by AFG Investment Pte. Ltd. under Singapore’s takeover framework.

The proposed scheme of arrangement, initiated via a joint announcement in October 2025, aims to privatise AF Global by having AFG Investment acquire all non-excluded shares under Section 210 of the Companies Act. The outcome of the scheme meeting marks a pivotal milestone for minority investors and signals potential changes to AF Global’s public listing status, ownership structure and future strategic direction, pending final court and regulatory approvals.

The most recent analyst rating on (SG:A30) stock is a Hold with a S$0.12 price target. To see the full list of analyst forecasts on Aspial Corporation Limited stock, see the SG:A30 Stock Forecast page.

More about Aspial Corporation Limited

AF Global Limited is a Singapore-incorporated company listed on the local market, with its shares subject to takeover and scheme-of-arrangement rules under the Singapore Code on Take-overs and Mergers. The company is associated with Aspial Corporation Limited and investor Koh Wee Meng, who together hold a significant block of excluded shares in the ongoing transaction.

Average Trading Volume: 586,531

Technical Sentiment Signal: Buy

Current Market Cap: S$245.7M

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