Corporate digest

PCI

PCI announced that the acquisition by Pagani Holding III of all its shares was approved by the court on Monday. The scheme of arrangement will become effective and binding upon the lodgement of a copy of the court order with the Accounting and Corporate Regulatory Authority, expected on April 29.

The last day of trading of the shares will be on April 24 and trading of the shares will be suspended from 9am the following day. Transfer books and the register of members will be closed at 5pm on April 26 to determine the entitlements of shareholders under the scheme.