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Platinum Asia Investments Ltd. ( (AU:PAI) ) has shared an update.
Platinum Asia Investments Limited has announced a proposed restructuring plan where its ASX-listed shares will be exchanged for units in the Platinum Asia Fund Complex ETF. The company plans to issue a Special Dividend contingent on the scheme’s approval, which will be approximately equal to its retained earnings after accounting for restructuring costs. The dividend reinvestment plan has been suspended, and the final dividend value will be announced before the scheme’s implementation, impacting shareholders and fund unitholders.
More about Platinum Asia Investments Ltd.
Platinum Asia Investments Limited operates in the financial industry, focusing on investment management. The company primarily offers investment opportunities through its listed shares and is involved in restructuring efforts to transition its shares into units within the Platinum Asia Fund Complex ETF.
Average Trading Volume: 279,832
Technical Sentiment Signal: Buy
Find detailed analytics on PAI stock on TipRanks’ Stock Analysis page.