bullish

Sigma Healthcare (SIG AU): Shareholders Approves CWG Merger

Tina has highlighted this Insight as a Top Pick
533 Views29 Jan 2025 15:39
SUMMARY
  • Sigma Healthcare (SIG AU) announced that more than 99% of the shareholders cast vote in favor of the merger with CWG. The merger now remains subject to court approval.
  • The court hearing is scheduled on February 3, 2025. If the Court approves the merger, it is expected that implementation of the merger scheme will occur on February 12, 2025.
  • CWG continued healthy performance, with double-digit like-for-like retail network sales growth and 400bps EBIT margin expansion in H1FY25. We are bullish on the long-term growth prospect of the merged entity.
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