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ASX:SDI

6 stories mentioning ASX:SDIUpdated 39d ago

Every FINWIRES story that references ASX:SDI, newest first.

Asia

SDI Says InnoXvest Dental Takeover Scheme Becomes Effective

SDI (ASX:SDI) said the scheme of arrangement for InnoXvest Dental's proposed acquisition of the company for AU$1.40 per share in cash is now effective, according to a Thursday Australian bourse filing.The company lodged an official copy of orders made by the Supreme Court of New South Wales approving the scheme with the Australian Securities and Investments Commission.The quotation of SDI shares on the ASX will be suspended from close of trading on Thursday. The scheme is expected to be implemented on July 6.

ASX:SDI
Asia

SDI Says New South Wales Court Approved InnoXvest Dental Deal

SDI (ASX:SDI) said the Supreme Court of New South Wales has approved InnoXvest Dental's proposed acquisition of the company for AU$1.40 per share in cash, according to a Wednesday filing with the Australian bourse.SDI plans to lodge a copy of the court orders with the Australian Securities and Investments Commission on Thursday, at which point the deal will become effective.The company will also request the suspension of its shares from the ASX from the close of trading on Thursday.

ASX:SDI
Asia

SDI Shareholders Back InnoXvest Dental Takeover Proposal

SDI (ASX:SDI) said shareholders approved its proposed acquisition by InnoXvest Dental under a scheme of arrangement, according to an Australian bourse filing on Monday after market hours.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 the company via a scheme of arrangement for AU$1.40 per share in cash, per the filing.The proposal was approved at the scheme meeting held on Monday, with 98.94% of votes cast and 93.56% of shareholders present and voting in favor, the filing said.The transaction is still subject to court approval at a hearing scheduled for Wednesday, as well as other remaining conditions.If approved, the scheme is expected to take effect on Thursday, with trading in the company's shares suspended at the close of that day, and implementation scheduled for July 6, the filing added.

ASX:SDI
Asia

Sinocera Functional Material Applies 600 Million Yuan for SDI Acquisition; Shares Up 8%

Shandong Sinocera Functional Material (SHE:300285) agreed for its subsidiary, InnoXvest, to apply for loans of up to 600 million yuan to fully acquire SDI (ASX:SDI), according to a Shenzhen bourse filing on Monday.The Chinese novel materials producer's shares jumped 8% during Tuesday's afternoon trade.The floating-rate loan has a term of 60 months and will be paid quarterly.The company will provide guarantees of the same amount for the loan, as well as 100 million yuan for the hedging margin credit.

ASX:SDISHE:300285
Asia

SDI Says Court Hearing Scheduled for Proposed Acquisition by InnoXvest Dental

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.

ASX:SDI
Asia

SDI Dispatches Scheme Booklet for InnoXvest Dental Deal to Shareholders

SDI (ASX:SDI) said a scheme booklet for InnoXvest Dental's proposed acquisition of the company for AU$1.40 per share in cash was dispatched to SDI shareholders, according to a Friday filing with the Australian bourse.A meeting to approve the deal is scheduled for June 22, with SDI's board unanimously recommending that shareholders vote in favor of the transaction.

ASX:SDI

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