Financial Wire

Insignia Financial's Acquisition By CC Capital, Affiliates Becomes Legally Effective

-- Insignia Financial (ASX:IFL) said that the scheme of arrangement for its acquisition by Daintree BidCo, an entity established by CC Capital Partners and its affiliates, became legally effective, according to a Friday Australian bourse filing.

It confirmed that it had lodged an office copy of the orders made by the Federal Court of Australia approving the proposed acquisition with the Australian Securities and Investments Commission.

The quotation of Insignia Financial shares on the Australian bourse is expected to be suspended from the close of trading on Friday. The scheme is expected to be implemented on April 28.

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Shanxi Installation to Provide Up to 300 Million Yuan Guarantee for Zero-Carbon Project Loan

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