AMOS Group Ltd. (SG:49B) has released an update.
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AMOS Group Ltd. has received conditional approval from the SGX-ST to waive the requirement for shareholder approval on the major transaction of disposing a property in Busan, South Korea. The approval is contingent upon several conditions, including the company’s confirmation that the disposal will not materially change its risk profile and is in the best interests of the group and its shareholders. Shareholders holding a majority of the company’s issued shares have also provided irrevocable undertakings to support the transaction.
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