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PEC Ltd. ( (SG:IX2) ) has provided an announcement.
PEC Ltd. held a Court Meeting to seek shareholder approval for a scheme of arrangement, where all issued ordinary shares will be transferred to Alliance Energy Services Pte. Ltd. The scheme includes a consideration of S$0.84 per share, consisting of S$0.64 in cash from the Offeror and a S$0.20 special dividend from PEC Ltd. If approved, an extraordinary general meeting will follow to approve the special dividend payment.
More about PEC Ltd.
PEC Ltd. is a company incorporated in Singapore, operating in the energy services sector, with a focus on providing solutions and services related to energy management and optimization.
Average Trading Volume: 236,811
Technical Sentiment Signal: Buy
Current Market Cap: S$213.9M
For an in-depth examination of IX2 stock, go to TipRanks’ Stock Analysis page.