Avonmore Capital & Management Services Limited — Updates, 09-04-2025: Scheme of Arrangement

Avonmore Capital & Management Services Ltd. has announced a board meeting outcome approving a composite scheme of arrangement. This scheme includes the demerger of the broking business from Almondz Global Securities Limited into Almondz Broking Services Limited, while simultaneously amalgamating multiple associated companies into Avonmore Capital. The scheme aims to enhance operational efficiency and enable independent growth strategies for each entity, aligning with market demands and compliance requirements. This strategic move could boost investor confidence, presenting a positive outlook for Avonmore's operational capabilities while restructuring its business model.