SDI Ltd Announces Court Approval of Acquisition Scheme
Key points
- Court approves the acquisition scheme
- Bidder to acquire 100% of SDI shares for A$1.40 each
- Scheme expected to become effective on 6 July 2026
- ASX share quotation suspension to be requested
- SDI advised by Houlihan Lokey and DLA Piper
Full summary
SDI Ltd has announced that the Supreme Court of New South Wales has approved the proposed scheme of arrangement under which InnoXvest Dental Pty. Ltd, a subsidiary of Beijing Guoci, will acquire 100% of SDI's issued share capital for A$1.40 per share. The scheme is expected to become effective on 6 July 2026. The company will request the suspension of its share quotation on the ASX from 4:00pm on 25 June 2026. SDI is advised by Houlihan Lokey as financial adviser and DLA Piper as legal adviser.
Outlook
SDI anticipates the scheme will be implemented on 6 July 2026, pending all regulatory approvals.
Summary generated by a large language model. Please interpret with care.