PDS Limited has informed the Exchange about update on the Acquisition of GSC Link Limited.
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PDS Limited's step-down wholly owned subsidiary, PDS Sourcing Limited (Mauritius), has received regulatory approval from Hong Kong authorities for its 60% equity stake acquisition in GSC Link Limited (GSCL). The transaction, which was initially agreed via a Share Subscription Agreement on July 1, 2025, is now effective from the same date. As a result, GSCL has officially become a step-down subsidiary of PDS Limited. The acquisition is being executed in one or more tranches. This announcement serves as a regulatory update confirming the closing of the deal.
This is a positive development for PDS shareholders as the company has cleared a key regulatory hurdle, completing its strategic acquisition and expanding its global subsidiary network. The closure removes deal-related uncertainty, though the actual financial impact will depend on GSCL's future contribution to consolidated revenues and profits.