This comes after the company's shareholders gave the green light for the transaction to go ahead at a special meeting held on
2021.
"The total number of
"The approval by the
The company in
As part of the transaction, the voluntary liquidation will result in the cancellation and de-listing of Arden shares on the
According to the circular, the company also advised shareholders that one of
The company said ASL continued to occupy the property and had signed an extension of the current lease with the landlord to
"The Tender Process closed on
"Given the potential impact of the expired lease on ASL's profitability, ASL remains in a cautionary period and accordingly shareholders should similarly continue to exercise caution in dealing in the Company's securities until a further announcement regarding the Tender Process is made," read part of the circular.
Arden has also concluded the sale of its logistics company FML, which moves bulk fuel across the region, for
"Arden has concluded an agreement to an unrelated third party for a disposal consideration of
The investment holding company was originally established as a listed investment company through which shareholders could gain exposure to various investment sectors with a focus on investing in
The group's listing was aimed at achieving liquidity for its shareholders by providing them with a tradeable instrument on an internationally recognised stock exchange and providing the Company with a platform through which to raise future funding for the growth of its portfolio.
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