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Silk Logistics Holdings Limited (ASX:SLH)

ALERT: Price-sensitive ASX Announcement for SLH
Current share price for SLH : $2.140 0.05 (2.39%)+
Announcement
Release
15 Jul 2025 3:23PM
Price at Release
$2.090
Full Release
download
Summary
On 21 June 2024, Silk Logistics Holdings Limited (SLH) announced a significant update regarding its proposed scheme of arrangement with entities controlled by Anchorage Capital Partners. The company received approval from the Australian Foreign Investment Review Board (FIRB), satisfying a key regulatory condition for the scheme's implementation. The document outlines details surrounding the FIRB approval, the process and implications for the scheme proceeding, and the expected timeline for the next steps, including the upcoming Scheme Meeting. Stakeholders are informed about the status of other regulatory and court approvals, the effect of the FIRB decision, and the continued recommendation of the board in favor of the scheme, subject to no superior proposal emerging and the independent expert maintaining its opinion.
Key Points
  • SLH received FIRB approval for its proposed scheme of arrangement with Anchorage Capital Partners.
  • The FIRB approval satisfies a critical condition precedent for the scheme's implementation.
  • The Scheme Meeting is scheduled to proceed, as previously announced.
  • The board continues to unanimously recommend the scheme in the absence of a superior proposal and subject to the independent expert maintaining its favorable opinion.
  • No other regulatory or court approvals have been identified as outstanding at this stage.
  • The announcement provides an updated indicative timeline for next steps in the scheme process.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.