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Sim Leisure's KidZania deal seeks shareholders' nod only after completion

Transaction must be ratified at an EGM within 3 months, says SGX

Fiona Lam

Fiona Lam

Published Fri, Nov 20, 2020 · 09:50 PM

Singapore

INSTEAD of obtaining shareholders' approval before it buys the loss-making operator of family attraction KidZania, Sim Leisure will be seeking their approval by way of ratification after the deal has been completed.

Sim Leisure had applied to the Singapore Exchange (SGX) for a waiver from strict compliance of Catalist rules which require such prior shareholder approval.

The bourse operator on Thursday said it has no objection to this waiver, but the transaction must be…

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