ASX:SDI

3 stories mentioning ASX:SDIUpdated just now

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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

Asia2h ago

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

Asia25d ago

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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