GB Global Limited — JV/Acquisition, 28-02-2025: Amalgamation/Merger

GB Global Limited has approved the merger with Dev Land & Housing Private Limited, with the aim of consolidating operations to improve efficiency and reduce administrative costs. The merger will create a larger, unified entity expected to enhance profitability and shareholder value. Key benefits include streamlined governance, improved cash management, and access to increased cash flow for growth initiatives. The listed entity will be dissolved post-merger, providing an exit opportunity to shareholders of GB Global, while enhancing the overall market position through operational synergies.