ANE (Cayman) Delisting Scheme Wins Court Sanction but Completion Remains Conditional

ANE (Cayman) Inc. ( (HK:9956) ) just unveiled an update.

ANE (Cayman) Inc. and offeror Celestia BidCo Limited announced that the Grand Court of the Cayman Islands has sanctioned, without modification, the scheme of arrangement underpinning the proposal to delist ANE from the Hong Kong Stock Exchange and cancel all outstanding share options and RSUs. However, the transaction remains conditional on a series of outstanding regulatory, judicial and contractual approvals and filings in the Cayman Islands, Hong Kong and other relevant jurisdictions, including the registration of the court order and the continued validity of all required consents. Until these conditions are fulfilled or waived, the implementation of the proposal and effectiveness of the scheme remain uncertain, leaving the timing and certainty of completion, and thus the final outcome for shareholders and other stakeholders, still pending.

The most recent analyst rating on (HK:9956) stock is a Buy with a HK$13.50 price target. To see the full list of analyst forecasts on ANE (Cayman) Inc. stock, see the HK:9956 Stock Forecast page.

More about ANE (Cayman) Inc.

ANE (Cayman) Inc. is a Cayman Islands–incorporated company listed on the Hong Kong Stock Exchange, operating within the logistics and transportation sector, with its shares traded under stock code 9956. The company is the subject of a privatisation and delisting proposal led by Celestia BidCo Limited, which seeks to acquire all shares and cancel outstanding share options and RSUs via a scheme of arrangement.

Average Trading Volume: 3,753,933

Technical Sentiment Signal: Buy

Current Market Cap: HK$14.33B

Find detailed analytics on 9956 stock on TipRanks’ Stock Analysis page.