Ansarada Group Ltd. (AU:AND) has released an update.
The Supreme Court of New South Wales has approved Ansarada Group Ltd.’s scheme of arrangement for acquisition by DS Answer Pty Ltd, managed by CapVest, and the sale of certain products to an entity controlled by Ansarada’s CEO. The scheme is set to take effect following ASIC registration, with trading suspension requested and cash consideration for shareholders upon completion. These developments are subject to change with further details available through Ansarada’s investor resources.
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