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News: SAI Sai Global announces court approval of scheme of arrangement

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    09/12/16
    15:40
    Post #: 21233306

    Dec 9 (Reuters) - Sai Global Ltd (SAI)

    • Federal Court Of Australia has today made orders approving scheme of arrangement
    • expected that trading in company's shares on asx will be suspended from close of trading on monday, 12 december 2016
    • Court approves scheme of arrangement-sai.ax
    • scheme between co and its shareholders under which baring asia private equity fund vi will acquire 100% of shares in sai global
    • expects to lodge copy of court's orders approving scheme with australian securities and investments commission on monday, 12 dec
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