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Innovalues shareholders give nod to firm's takeover by Northstar

Wednesday, January 25, 2017 - 17:46

PRECISION machine parts maker Innovalues is set to be bought by private equity fund Northstar and delisted in March.

About 95 per cent of shareholders present and voting at a High Court-directed shareholders' meeting on Wednesday morning approved Northstar's acquisition of all the shares of Innovalues via a scheme of arrangement, Innovalues said in a Singapore Exchange filing.

It said the expected last day of trading in its shares is Feb 7 and the counter is expected to be delisted on March 17.

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