Outcome of Board Meeting held on April 18, 2025 for withdrawal/cancellation of decision of demerger
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Awaiting price reaction for this filing.
The Board of Directors of Galactico Corporate Services Ltd, at its meeting on April 18, 2025, approved the cancellation of the proposed Scheme of Arrangement (demerger) that was earlier approved on March 6, 2025. The demerger would have split Galactico Corporate Services into Galactico Visionary Consulting Limited. After reviewing strategic, regulatory, and operational factors, the Board decided not to proceed, and the scheme stands withdrawn with immediate effect. The company will make necessary filings with regulatory authorities to formalise the cancellation.
For shareholders, this means the previously announced demerger plan is off the table, removing any near-term structural re-rating or value-unlock expectations tied to the demerger. The stock could see short-term volatility as investors adjust to the reversal of the March 6 announcement.