Shanaya Limited (SG:SES) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Shanaya Limited has announced that it will not be pursuing a Whitewash Waiver after its reverse takeover of CPH Ltd., as its controlling shareholders’ stake remains unchanged at 49.12% since the takeover. Additionally, adjustments have been made to the Irrevocable Undertakings to prevent a transfer of control to Martin, eliminating the need for a Scale Down Scenario or a Potential Transfer of Controlling Interest Resolution. The company has clarified the share subscription allotment for its major shareholders, with no shift in controlling interests expected.
For further insights into SG:SES stock, check out TipRanks’ Stock Analysis page.
