Update on Scheme Conditions
| Stock | SDI Ltd (SDI.ASX) |
|---|---|
| Release Time | 17 Jun 2026, 3 p.m. |
| Price Sensitive | Yes |
SDI Ltd Announces Scheme Conditions Met
- Key conditions for the acquisition scheme have been met
- Bidder has received necessary approvals and consents
- Scheme Meeting scheduled for 22 June 2026
- SDI Board recommends shareholders vote in favor of the Scheme
SDI Limited (ASX:SDI) announced that all conditions precedent to the proposed scheme of arrangement have been satisfied, allowing the acquisition by InnoXvest Dental Pty. Ltd, a subsidiary of Beijing Guoci Kebo Technology Co., Ltd, to proceed. Key conditions include receipt of a notice from the Commonwealth Treasurer, obtaining Chinese regulatory approvals, receiving an executed change of control consent from HSBC, and securing necessary financing for Project Montrose. The Scheme Meeting to approve the Scheme will be held virtually on 22 June 2026. The SDI Board recommends shareholders vote in favor of the Scheme, in the absence of a Superior Proposal and subject to the Independent Expert concluding that the Scheme is in the best interests of SDI shareholders.