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Silk Logistics Holdings Ltd. ( (AU:SLH) ) just unveiled an update.
Silk Logistics Holdings Ltd. has announced an update regarding its acquisition by DP World Australia through a scheme of arrangement. The company is seeking court approval to adjourn the Scheme Meeting to 28 March 2025, as key regulatory approvals from FIRB and ACCC are still pending. The independent expert has reaffirmed that the scheme is in the best interests of shareholders, and the Silk board continues to recommend voting in favor of the scheme, barring any superior proposals. This acquisition is expected to impact the company’s operations and market positioning significantly, pending regulatory approvals and shareholder agreement.
More about Silk Logistics Holdings Ltd.
Silk Logistics Holdings Ltd. operates in the logistics industry, providing comprehensive supply chain solutions. The company focuses on offering services such as warehousing, distribution, and freight management, catering to a diverse range of market sectors.
YTD Price Performance: -0.48%
Average Trading Volume: 268,092
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$169.6M
See more insights into SLH stock on TipRanks’ Stock Analysis page.