CML Group Receives Federal Court Dismissal Orders Concerning Proceedings With Consolidated Group

CML Group Limited (ASX:CGR) announces that the Federal Court of Australia ordered the dismissal related to proceedings of the proposed scheme of arrangement with Consolidated Operations Group Limited.

  • On 2 March, CML terminated the scheme implementation agreement with Consolidated Group, and a day after CGR made an application to the Federal Court of Australia.
  • CML has recently inked a binding scheme implementation deed with Scottish Pacific Group Limited, in which Scottish Group would acquire 100 per cent of the issued share capital of CML.

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