Get Nice Holdings moves toward full privatization following Grand Court approval, resulting in a formal delisting from the Hong Kong Stock Exchange and a scheduled special dividend payout.
The company has successfully completed the legal requirements for its privatization, as the Grand Court has officially sanctioned the scheme of arrangement. This development triggers the mandatory withdrawal of the company's listing from the Hong Kong Stock Exchange and initiates the distribution of a special dividend to shareholders as part of the exit strategy.
The scheme of arrangement has been sanctioned by the Grand Court, confirming the privatization process.
No, the company will undergo a withdrawal or cancellation of its listing of securities.
The Grand Court has officially sanctioned the scheme of arrangement for the privatization of Get Nice Holdings Limited. This move triggers the withdrawal of the company's listing from the Hong Kong Stock Exchange and confirms the distribution of a special dividend to shareholders.
Following the sanctioning of the scheme of arrangement by the Grand Court, Get Nice Holdings is proceeding with the withdrawal of its listing from the Hong Kong Stock Exchange.