Highlands Pacific Group's (ASX:HIG) scheme of arrangement, which will enable Cobalt 27 Capital Corp. to acquire all of the issued share capital of Highlands that it does not already own, is now legally effective.
The orders which were made by the National Court of Papua New Guinea were lodged with the Papua New Guinea Registrar of Companies this morning.
The Company's shares are expected to be suspended from trading on the ASX at close of trade today.
The scheme payout will be paid to Highland's shareholders on the scheme implementation date which is expected to be 17 May 2019.
Shares in Highlands Pacific Group (ASX:HIG) are trading trading flat at 10 cents