Thndr Claps » EGY Claps » EGX 🔔 » Egyptians Housing merger: what you need to know👀
The ClapSix companies, four of which are EGX-listed, are about to become one; here’s what you need to know.
DeetsEgyptians for Housing Development & Reconstruction (EHDR) announced last September it would take in 5 other companies (merging companies):
So whatIf 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 whatToday, Thursday November 10th, should see the EGX-listed merging companies’ shares delisted & their assets & liabilities transferred to EHDR.
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