2 months may be a bit optimistic, may be within 3 months is more practical. Once the circular to shareholders is out, a time table indicating the date of egm, date of court sanction, payment date, should be provided.
95 cents trading currently. Inching up with every announcement .....
But there's still 5 cents left on the table, what a meaty offering still for a holding period of perhaps 2 months. U can't get that with things like fixed deposit, etc
It was announced on SGX website a few days ago that the Court meeting must be held by 15 Oct 2016 (2 months to go) and in principle approval of SGX has also been obtained.
Latest update this morning, the Company has given notice for the Court meeting to be held on 23 Aug 2016 at 10.00AM. Likely chance that the whole exercise should be completed in Sep 2016.