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SDI Says Court Hearing Scheduled for Proposed Acquisition by InnoXvest Dental

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SDI (ASX:SDI) said a Supreme Court of New South Wales hearing to approve the proposed scheme of arrangement for the acquisition of the firm by InnoXvest Dental will take place on June 24, according to a Tuesday Australian bourse filing.

InnoXvest Dental, a wholly-owned unit of Beijing Guoci Kebo Technology, an entity controlled by Shandong Sinocera Functional Material, proposed to acquire 100% of the issued share capital of SDI via a scheme of arrangement for AU$1.40 per share in cash, per the filing.

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