East 33 Limited (AU:E33) has released an update.
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Yumbah Aquaculture Limited has extended its unconditional takeover offer for East 33 Limited until 31 October 2024, maintaining its final offer price at $0.022 per share. Already holding a 76.13% stake in East 33, Yumbah aims to acquire the rest and, if successful, will remove the company from the ASX and potentially proceed with a compulsory acquisition. The Independent Board Committee of East 33 continues to recommend that shareholders accept the offer, citing risks associated with remaining in a delisted, Yumbah-controlled company.
For further insights into AU:E33 stock, check out TipRanks’ Stock Analysis page.