PropertyGuru announces shareholders’ approval of merger pact

PropertyGuru Group Limited announced that at an extraordinary general meeting of shareholders held today, the shareholders of PropertyGuru voted in favor of the proposal to, among other things, approve and authorize (i) the previously announced Agreement and Plan of Merger, dated as of August 16, 2024, by and among PropertyGuru, Hedychium Group Limited, an exempted company with limited liability incorporated under the laws of the Cayman Islands, and Hedychium Limited, an exempted company with limited liability incorporated under the laws of the Cayman Islands and a wholly owned subsidiary of Parent, and the consummation of the transactions contemplated by the Merger Agreement, upon the terms and subject to the conditions set forth therein and (ii) the Plan of Merger made in accordance with Part XVI of the Companies Act of the Cayman Islands. Pursuant to and subject to the terms and conditions of the Merger Agreement and Plan of Merger, Merger Sub will, at the effective time, merge with and into PropertyGuru, with PropertyGuru continuing as the surviving company and as a wholly owned subsidiary of Parent.