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Astron Limited ( (AU:ATR) ) has provided an update.
Astron Limited has successfully redomiciled from Hong Kong to Australia, following the Australian Taxation Office’s issuance of a class ruling. This move aims to streamline the company’s corporate structure, enhance its Australian identity, and simplify shareholder participation. The redomicile is expected to provide long-term benefits, including improved trading conditions on the ASX. Eligible securityholders can opt for capital gains tax roll-over relief, deferring taxation on capital gains from the scheme.
More about Astron Limited
Astron Limited is an ASX-listed company with over 35 years of experience in mineral sands processing and downstream product development. The company focuses on the marketing and sales of zircon and titanium dioxide products. In partnership with Energy Fuels Inc, Astron is developing the Donald Rare Earth and Mineral Sands Project in Victoria, which aims to be a significant global supplier of rare earth elements and minerals.
Average Trading Volume: 291,429
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$358.7M
Learn more about ATR stock on TipRanks’ Stock Analysis page.