Notice of Second Court Hearing
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| Stock | SDI Ltd (SDI.ASX) |
|---|---|
| Release Time | 16 Jun 2026, 2:12 p.m. |
| Price Sensitive | Yes |
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SDI Ltd Announces Second Court Hearing for Scheme Approval
Key Points
- SDI Limited to be acquired by InnoXvest Dental Pty. Ltd
- Supreme Court of New South Wales to hold the hearing on 24 June 2026
- SDI Shareholders can appear and oppose the scheme
- Notice of appearance must be filed and served at least one day before the hearing
Full Summary
SDI Limited (ASX:SDI) has announced that the Supreme Court of New South Wales will hold a second court hearing on 24 June 2026 to approve the proposed scheme of arrangement under which InnoXvest Dental Pty. Ltd, a wholly owned subsidiary of Beijing Guoci Kebo Technology Co., Ltd, will acquire 100% of SDI's issued share capital for A$1.40 per share in cash. SDI Shareholders have the right to appear and be heard at the hearing and may oppose the approval of the scheme. To oppose the scheme, shareholders must file a notice of appearance and any supporting affidavit with the court and serve it on SDI at least one day before the hearing.
Outlook
SDI expects the scheme to be approved by the court, leading to the acquisition by InnoXvest Dental Pty. Ltd.
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