The Clap
Six companies, four of which are EGX-listed, are about to become one; here’s what you need to know.
Deets
Egyptians for Housing Development & Reconstruction (EHDR) announced last September it would take in 5 other companies (merging companies):
- Odin Investment and Development (ODID)
- Odin for Investment and Real Estate
- Emerald for Real Estate (EMRI)
- Emerald Development & Projects Management (EMDE)
- Edge Development
So what
If you own shares in one of the companies set to merge with EHDR, your shares will turn into EHDR shares. If you own EHDR, your shares will reflect the new value post-merger.
Now what
Today, Thursday November 10th, should see the EGX-listed merging companies’ shares delisted & their assets & liabilities transferred to EHDR.