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Silk Logistics Holdings Ltd. ( (AU:SLH) ) just unveiled an announcement.
Silk Logistics Holdings Limited has successfully implemented a Scheme of Arrangement, resulting in the acquisition by DP World Australia Limited of 100% of Silk’s shares. This move, approved by Silk’s shareholders and the Supreme Court of New South Wales, leads to significant changes in the company’s board and its delisting from the ASX, marking a pivotal shift in its operational and market positioning.
The most recent analyst rating on (AU:SLH) stock is a Buy with a A$2.10 price target. To see the full list of analyst forecasts on Silk Logistics Holdings Ltd. stock, see the AU:SLH Stock Forecast page.
More about Silk Logistics Holdings Ltd.
Silk Logistics Holdings Limited operates in the logistics industry, providing comprehensive supply chain solutions. The company focuses on delivering efficient logistics services to various sectors, enhancing supply chain efficiency and reliability.
Average Trading Volume: 120,136
Technical Sentiment Signal: Buy
Current Market Cap: A$174.5M
For an in-depth examination of SLH stock, go to TipRanks’ Overview page.