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SDI Limited has officially completed a scheme of arrangement through which InnoXvest Dental Pty. Ltd, a subsidiary of Beijing Guoci Kebo Technology Co., Ltd, acquired all outstanding shares of SDI at A$1.40 per share. This acquisition initiates SDI's forthcoming delisting from the ASX.
Key Points
- Company and ticker: SDI Limited (SDI)
- InnoXvest Dental Pty. Ltd acquired 100% ownership of SDI shares
- Shareholders received A$1.40 per share in cash
- SDI scheduled to delist from ASX on 7 July 2026
Scheme of Arrangement Successfully Completed
SDI Limited announced the successful execution of a scheme of arrangement whereby InnoXvest Dental Pty. Ltd, a wholly owned subsidiary of Beijing Guoci Kebo Technology Co., Ltd, acquired all issued shares of SDI at a cash price of A$1.40 per share.
This follows the suspension of SDI shares from ASX trading on 25 June 2026. Shareholders recorded on SDI's register as of 29 June 2026 have received the scheme consideration accordingly.
SDI to Delist from ASX on 7 July 2026
Post-acquisition, SDI Limited plans to apply for removal from the official ASX listing, with delisting effective after market close on 7 July 2026. This transition marks SDI’s shift to a private company under InnoXvest Dental Pty. Ltd’s ownership.
The immediate impact on SDI’s share price remains unclear from public sources, with investors closely monitoring future developments under the new ownership.
Board Changes Following Acquisition
Following the scheme's implementation, SDI Limited announced resignations from directors Jeffery Cheetham OAM, Samantha Cheetham, Dr Geoffrey Knight AM, Gerald Bullon, Cameron Allen, and Gerard Kennedy.
New directors Qiang Xiao and Lei Yu have been appointed, reflecting the company’s integration into its parent company’s operations.
Overview of SDI Limited
Founded in 1972 and listed on the ASX since 1985, SDI Limited is a leading Australian manufacturer and global distributor of specialist dental materials. The company is recognized for its innovations in restorative dental products such as amalgams, composites, adhesives, cements, and tooth whitening systems.
SDI is known for advancing minimal intervention dentistry, emphasizing prevention, remineralisation, and conservative treatments, while continuing to invest in research and development to improve global oral health.
Details on Acquiring Entities
InnoXvest Dental Pty. Ltd, an Australian proprietary company, was established specifically to acquire SDI shares via the scheme. It is a subsidiary of Beijing Guoci Kebo Technology Co., Ltd, which is part of Shandong Sinocera Functional Material Co. Ltd.
Shandong Sinocera Functional Material Co. Ltd is a prominent Chinese advanced materials company specializing in functional ceramic materials, serving industries including electronics, automotive, and healthcare with a strong focus on innovation and global reach.
Investor Information and Next Steps
Investors seeking additional details about the scheme or the Scheme Booklet can visit SDI’s website or contact the SDI Shareholder Information Line, available until approximately 20 July 2026.
The key upcoming event is SDI’s formal delisting from the ASX on 7 July 2026. Investors will be attentive to any further announcements regarding the company’s strategic direction under new ownership.
Advisory Roles in the Transaction
Throughout the acquisition process, SDI Limited was advised by Houlihan Lokey as financial adviser and DLA Piper as legal adviser. These advisory teams played essential roles in facilitating the scheme’s successful completion.
Specific financial terms related to advisory services were not disclosed, underscoring the transaction’s complexity and importance.
Shareholder Contact Details
SDI Limited has provided comprehensive contact information for shareholders requiring assistance or further information. Adrian Mulcahy serves as the designated investor contact, reachable via email or phone.
This approach highlights SDI’s commitment to transparency and shareholder support during this transition.
