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SEC, NGX give Flour Mills approval for minority shareholders buyout

“The process, which is being conducted through a scheme of arrangement, has received a “No Objection” from the relevant regulators, namely the Nigerian Exchange; and the Securities and Exchange Commission of Nigeria,” it noted.

It was explained that the resolution would be considered approved if at least 75 per cent of the members present and voting, either in person or by proxy, support the resolution during the court-ordered meeting.

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