Eumundi Group's Shareholders to Vote on Acquisition Proposal by SEQ Hospitality Group

MT Newswires Live

2025/01/24

Eumundi Group (ASX:EBG) said that its shareholders will vote on a proposed acquisition by SEQ Hospitality Group, at a meeting on Jan. 31, according to a Friday filing with the Australian bourse.

The acquisition would see SEQ Hospitality Group acquire 100% of Eumundi Group's fully paid ordinary shares through a scheme of arrangement, the filing said.

If shareholders approve the scheme, the proposal will proceed to the second court hearing in the Federal Court of Australia on Feb. 4 for final approval, the filing added.

Shareholders may oppose the approval of the scheme at the hearing by filing a notice of appearance and affidavit with Eumundi's legal representatives, at least one day before the hearing.

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