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EQT Holdings Ltd. ( (AU:EQT) ) has provided an update.
EQT Holdings Ltd.’s subsidiary, Equity Trustee Superannuation Limited (ETSL), is facing civil proceedings filed by the Australian Securities and Investments Commission (ASIC) in the Federal Court regarding the Shield Master Fund. ASIC alleges that ETSL failed to meet required standards for due diligence, monitoring, and testing when offering new investment products on a superannuation platform. ETSL is reviewing the claims and has cooperated with ASIC’s investigations, while also supporting affected members through recovery efforts and providing regular updates and support services.
The most recent analyst rating on (AU:EQT) stock is a Hold with a A$35.00 price target. To see the full list of analyst forecasts on EQT Holdings Ltd. stock, see the AU:EQT Stock Forecast page.
More about EQT Holdings Ltd.
Equity Trustees, established in 1888, is Australia’s leading specialist trustee company, providing independent and impartial Trustee and Executor services. The company offers a diverse range of services including asset management, estate planning, philanthropic services, superannuation trustee services, and Responsible Entity services for external Fund Managers. EQT Holdings Limited, the parent company, is publicly listed on the Australian Securities Exchange and operates offices in Melbourne, Adelaide, Sydney, Brisbane, and Perth.
Average Trading Volume: 30,118
Technical Sentiment Signal: Buy
Current Market Cap: A$856.1M
Find detailed analytics on EQT stock on TipRanks’ Stock Analysis page.