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PropertyGuru has agreed to be acquired by an Asian investment firm, after which its shares will cease trading on the New York Stock Exchange and it will become a private company.

When the deal goes through, each ordinary share of the company issued and outstanding immediately before the acquisition will be cancelled and converted automatically into the right to receive a cash amount equal to US$6.70 per share, without interest.
PropertyGuru's board of directors had unanimously approved and resolved to recommend the approval of the deal by the company's shareholders, it said.
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