PPK Group Limited (AU:PPK) has released an update.
PPK Group Limited is moving forward with the deconsolidation of Li-S Energy Limited by distributing a special dividend of LIS shares to its shareholders and making significant share transactions, including a charitable donation to Deakin University. The move will see PPK cease control over LIS, leading to changes in accounting practices and potential non-cash impairments. This strategic step highlights PPK’s commitment to innovation and shareholder value.
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