Silk Logistics Holdings Ltd. ( (AU:SLH) ) has issued an announcement.
Silk Logistics Holdings Limited announced that the Australian Competition and Consumer Commission (ACCC) has paused its review timeline concerning the proposed acquisition by DP World Australia Limited. The delay is due to the ACCC awaiting further information from both Silk and DP World Australia. Despite this pause, both companies remain committed to the transaction, working towards obtaining necessary regulatory approvals, including those from the ACCC and FIRB, to implement the scheme of arrangement.
More about Silk Logistics Holdings Ltd.
Silk Logistics Holdings Limited operates in the logistics industry, providing comprehensive supply chain solutions. The company focuses on offering efficient logistics services, which include warehousing, distribution, and transportation, catering to various market needs.
YTD Price Performance: -33.97%
Average Trading Volume: 245,488
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$117M
Find detailed analytics on SLH stock on TipRanks’ Stock Analysis page.