05 Mar Update Regarding The Court Case Related To Shareholders Of DyStar Group
5 March 2024
MEDIA STATEMENT
Update Regarding The Court Case Related To Shareholders Of DyStar Group
We would herewith like to provide you with an important update regarding the recent court case related to Senda International Capital Limited and Kiri Industries Limited, shareholders of DyStar Group.
After long legal proceedings on the matter, the Court has reached a decision, and we want to assure you that we are committed to transparency and keeping you informed every step of the way.
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- The Court has ordered an en-bloc sale of 100% of the shares in DyStar;
- Deloitte has been appointed by the Court to manage and control the Shares to the extent necessary for the purpose of the en-bloc sale.
We understand that this news may raise questions or concerns, and we are here to address them. Your trust and satisfaction are of utmost importance to us.
While we respect the Court’s decision, we want to assure you that DyStar remains in a strong financial position with respect to our operations and that the en-bloc sale has no impact on current business activities.
Your trust and satisfaction are of utmost importance to us, therefore we will continue operations as usual with the level of service you expect from our team.
We look forward to continuing to serve the industry as we have done in the past.
Thank you for your continued support and understanding.
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MEDIA CONTACT
Adrian Ho
Global Communications
Email: pressinfo@dystar.com