Colex requests lifting of trading halt; privatisation scheme approved
Paige Lim
CATALIST waste management company Colex on Friday (Feb 3) requested the Singapore Exchange to lift its trading halt.
The company had requested for a trading halt on Feb 2 after trading hours, as it was pending the release of the results of the scheme meeting held on Friday.
On Oct 17, 2022, Bonvests proposed a privatisation offer of Colex for the remaining shares that it and its subsidiary Coop International did not own by a scheme of arrangement. Bonvests offered S$0.23 in cash per share.
On Feb 3, 79 per cent of shareholders present at the scheme meeting voted to approve the privatisation scheme.
Shares of Colex last traded at S$0.23 on Feb 2, before the request of its trading halt.
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