PropertyGuru Group Plans Merger Approval Meeting

PropertyGuru Group (PGRU) has released an update.

PropertyGuru Group Limited is set to hold an extraordinary general meeting on October 9, 2024, to discuss and potentially approve a merger with Hedychium Group Limited, which would result in PropertyGuru becoming a privately owned subsidiary and its shares delisting from the NYSE. Shareholders are encouraged to attend the meeting virtually and vote on the merger proposal and an adjournment proposal if necessary. The merger, valued at $6.70 per share for shareholders, has been unanimously recommended by the PropertyGuru Board of Directors and a special committee of independent directors.

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