[SINGAPORE] Grand Venture Technology announced on Sunday (Sep 28) that its expected delisting date is on or around Nov 4, 2025, following its proposed acquisition by Aalberts Advanced Mechatronics.
The precision engineering solutions company is slated to be privatised by the Netherlands-incorporated firm at S$0.94 per share, according to a report on Jul 10.
All ordinary shares in group’s issued and paid-up share capital are to be acquired by the Dutch company, which amounts to some 339.3 million shares valued at S$318.9 million.
The expected date for the payment of the scheme consideration is Oct 31.
The court hearing is set for Oct 3, 2025, at 10 am for the approval application, said the group. Any affidavit in response is to be filed and served by 10 am on Sep 30, and written submissions are to be filed by 10 am on Oct 2.
Its last trading day on the Singapore Exchange is expected to be on or around Oct 8.
The record date is expected to be on or around Oct 24, 2025.
The counter closed flat on Friday at S$0.94 prior to the announcement.
