Sim Leisure's KidZania deal seeks shareholders' nod only after completion
Transaction must be ratified at an EGM within 3 months, says SGX
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Singapore
INSTEAD of obtaining shareholders' approval before it buys the loss-making operator of family attraction KidZania, Sim Leisure will be seeking their approval by way of ratification after the deal has been completed.
Sim Leisure had applied to the Singapore Exchange (SGX) for a waiver from strict compliance of Catalist rules which require such prior shareholder approval.
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