30th Dec 2015 12:22
LONDON (Alliance News) - Japan Residential Investment Co Ltd on Wednesday said its shares will be cancelled from trading on AIM on Thursday.
The investment company was recently bought by US private equity and real estate investor Blackstone via Nikko II Pte Ltd, a newly-incorporated bidding vehicle, for GBP152.6 million.
The offer was effected by means of a court-sanctioned scheme of arrangement, and the scheme shareholders which were on the register at the scheme record time of 1800 GMT on Tuesday will receive 72 pence per each scheme share held. The stock last traded in London at 71.75p.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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