ornan
Nov 2, 7:31 AM
$TGHL TGHL’s merger with EnChem is still moving forward. The closing timetable was revised to December 7, and EnChem continues pursuing the Nasdaq listing and planned
$200M U.S. financing.
The proposed
$400M valuation and EnChem’s expected 85% ownership make this a significant transaction.
Key approvals from the SEC and Nasdaq are still pending, so risks remain. But the updated timeline suggests the deal is still alive.
The next few weeks will be critical.
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