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The latest update is out from VGI Partners Asian Investments Ltd ( (AU:RG8) ).
Regal Asian Investments Limited has announced the purchase of shares on-market to satisfy its Dividend Reinvestment Plan (DRP) for eligible shareholders. The DRP price will be the lesser of the average market price or the company’s net tangible assets per share, as recently announced. This move is expected to enhance shareholder value by providing a structured reinvestment option, potentially impacting the company’s market positioning positively.
More about VGI Partners Asian Investments Ltd
Regal Asian Investments Limited (ASX:RG8) offers investors a concentrated portfolio with long and short positions in securities focused on the Asian region. The company transitioned its portfolio management to Regal Funds Management in June 2022 and rebranded from VGI Partners Asian Investments Limited to reflect these changes. The investment strategy employs a fundamental, bottom-up approach leveraging Regal’s expertise and network.
Average Trading Volume: 141,662
Technical Sentiment Signal: Strong Buy
For detailed information about RG8 stock, go to TipRanks’ Stock Analysis page.