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Update: Qoria Says Federal Court to Hold Second Hearing on Aura Scheme in July; Shares Up 6%

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(Updates to add stock movement in the headline and the last paragraph)

Qoria (ASX:QOR) said the Federal Court of Australia will hold a second court hearing on July 7 to consider approving the proposed acquisition of the company by Aura Consolidated Group via a scheme of arrangement, according to an Australian bourse filing on June 26 after market hours.

The scheme will first be put to a vote by shareholders at a meeting in Perth on Thursday, per the filing.

Shareholders who wish to oppose the scheme at the court hearing must file a notice of appearance and a supporting affidavit with the court, and serve copies on the company, no later than one day before the hearing, the filing added.

The company's shares rose around 6% in recent Monday trade.

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Update: Qoria Says Federal Court to Hold Second Hearing on Aura Scheme in July; Shares Up 6% | FINWIRES