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The latest update is out from Platinum Asia Investments Ltd. ( (AU:PAI) ).
Platinum Asia Investments Limited announced that its shareholders have overwhelmingly voted in favor of a proposed restructure through a scheme of arrangement. This scheme will see the company’s ASX-listed shares exchanged for units in the Platinum Asia Fund Complex ETF. The resolution received strong support, with 94.96% of shareholders and 98.49% of total votes cast in favor. The next step involves seeking approval from the Federal Court of Australia, with a hearing scheduled for August 15, 2025. If approved, the scheme will become effective upon lodging the court orders with the Australian Securities and Investments Commission.
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 on the ASX, targeting investors interested in Asian markets.
Average Trading Volume: 292,310
Technical Sentiment Signal: Buy
See more insights into PAI stock on TipRanks’ Stock Analysis page.
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