ASPIAL Corporation's bid to take its property developer subsidiary World Class Global (WCG) private via a scheme of arrangement has been sanctioned by the court on Monday, the jewellery group said in a Singapore Exchange filing that evening.

JEWELLERY group Aspial Corp will be taking its subsidiary World Class Global (WCG) private after gaining 98.48 per cent shareholder approval in a scheme meeting on Monday, the companies said in separate filings with the Singapore Exchange (SGX).

WORLD Class Global has obtained in-principle approval from the Singapore Exchange Regulation (SGX RegCo) for its proposed delisting, if its takeover is approved by shareholders and sanctioned by the court.

Uploaded By:  Paul Howell Submitted By:  Paul Howell Case Study:  No This move comes at the back...

THE following companies saw new developments that may affect trading of their shares on Monday:

Aspial Corporation plans to privatise World Class Global (WCG), its 81.11%-owned subsidiary in an all share transaction through a scheme of arrangement. WCG closed at 9.2 cents on March 12, at a 32% discount to its net asset value of 13.61 cents.  Aspial will pay 21 cents per scheme share, whic...

JEWELLERY group Aspial Corp on Friday announced plans to privatise its subsidiary World Class Global through a scheme of arrangement, to simplify the group's structure.

THE following companies saw new developments that may affect trading of their shares on Thursday:

PROPERTY developer World Class Global on Wednesday said it has not seen any "significant" impact of the Covid-19 fallout on the settlement rates of its residential development in Australia. 

CATALIST-LISTED property developer World Class Global made a net profit of S$13.6 million in 2019, down 41 per cent from 2018, it said on Friday.