PropertyGuru Group (PGRU) has released an update.
PropertyGuru Group has announced that its shareholders have approved a merger agreement that will see the company become a private entity and delist from the New York Stock Exchange. The extraordinary general meeting saw over 91% of outstanding votes, with 96.8% in favor of the merger, which is anticipated to be finalized between Q4 2024 and Q1 2025. The Singapore-based PropTech leader emphasized that its headquarters will remain in Singapore following the transaction’s completion.
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