Microequities Asset Management Group Ltd. (AU:MAM) has released an update.
Microequities Asset Management Group Limited maintains confidence in its valuation methods, which adhere to industry standards despite auditor BDO’s differing view, particularly for two managed investment trusts. The Fund’s diversified portfolio and recent transactions in unlisted securities support the company’s stance that no further independent valuation is necessary. MAM believes their valuation practices are in line with fair value measurements and that any potential misvaluations do not reach a materiality threshold for concern.
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