Scheme approved by ASIC & Court
| Stock | SDI Ltd (SDI.ASX) |
|---|---|
| Release Time | 18 May 2026, 7:15 p.m. |
| Price Sensitive | Yes |
SDI Ltd Announces Court Approval and ASIC Registration of Acquisition Scheme
- Supreme Court of NSW approved the acquisition scheme
- ASIC registered the scheme booklet
- Independent Expert deemed the scheme fair and reasonable
- SDI Board recommends voting in favor of the scheme
- Scheme Meeting scheduled for 22 June 2026
SDI Ltd announced that the Supreme Court of New South Wales has approved the proposed acquisition scheme by InnoXvest Dental Pty. Ltd, a subsidiary of Beijing Guoci, controlled by Shandong Sinocera Functional Material Co. Ltd. The Australian Securities and Investments Commission (ASIC) has also registered the scheme booklet. The independent expert's report prepared by RSM Corporate Australia Pty Ltd concluded that the scheme is fair and reasonable and in the best interests of SDI shareholders, in the absence of a superior proposal. The SDI Board unanimously recommends that shareholders vote in favor of the scheme, subject to the independent expert's conclusion and the absence of a superior proposal. The scheme meeting to approve the scheme will be held as a virtual meeting on 22 June 2026 at 11:00am (Sydney time). Shareholders are encouraged to vote online or by proxy. The scheme is expected to be implemented on 6 July 2026, with SDI shares delisting from the ASX on 7 July 2026.
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