Platinum Asset Management Ltd ( (AU:PTM) ) has provided an update.
Platinum Asset Management Ltd announced a potential merger with First Maven Pty Ltd, trading as Ll Capital. As part of this development, Kerr Neilson has sold a 9.696% shareholding in Platinum to Ll Capital, marking a significant change in substantial holdings. This move could impact Platinum’s market positioning and shareholder interests.
More about Platinum Asset Management Ltd
Platinum Asset Management Ltd is a company in the financial services industry, primarily focused on asset management. It is listed on the Australian Securities Exchange (ASX) under the ticker symbol PTM.
YTD Price Performance: -22.56%
Average Trading Volume: 14,750
Technical Sentiment Signal: Strong Buy
Current Market Cap: €179.8M
Learn more about PTM stock on TipRanks’ Stock Analysis page.