Is the proposed merger subject to approvals from shareholders and/ or other authorities or regulatory bodies?
Yes, approval of the proposed merger will be sought from the shareholders of DBS Land. Full details and explanation of the proposed merger and its implications will be included in the Scheme Document to be sent to shareholders in due course. An Extraordinary General Meeting will be convened for shareholders to vote on this merger. In addition, the proposed merger requires sanction by the High Court of Singapore and the listing of Pidemco Land shares is subject to approval by the SGX.
