Pentamaster privatization advances; delisting and special dividend coming

Pentamaster International (HKEX:1665) has announced the successful passage of resolutions to privatize the company, withdraw its listing from the Hong Kong Stock Exchange, and issue a special dividend of HK$0.07 per share. The Scheme was approved at the Court Meeting and resolutions were passed at the EGM. At the Court Meeting, 465,222,174 votes were cast in favor and 2,328,000 votes cast against the resolution to approve the Scheme. The expected latest time for dealings in Pentamaster shares is 4:10 p.m. on March 3, 2025, with delisting expected on March 19, 2025. The register of members will be closed from March 13, 2025. The board lot size for Pentamaster shares will change from 2,000 to 800,000 shares, effective March 18, 2025. The privatization is led by Puga Holdings Limited and Pentamaster Corporation Berhad.