Highlands Pacific Group’s scheme of arrangement legally effective

Company News

by Rachael Jones

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

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.