Jewelry firm Aspial to privatise subsidiary WCG

Uploaded By:  Paul Howell Submitted By:  Paul Howell Case Study:  No This move comes at the back of low trading liquidity of WCG shares. Jewelry group Aspial Corporation Limited plans to privatise its subsidiary World Class Global Limited through a scheme arrangement that will see all of WCG’s shares in Aspial. Under the scheme, Aspial will transfer all of WCG’s shares, except shares already held by Aspial, into itself. In exchange, shareholders will receive new ordinary shares in Aspial at a rate of $0.21 per WCG share to $0.19 per Aspial share. read more