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EQT Holdings Ltd. ( (AU:EQT) ) has provided an announcement.
EQT Holdings Limited has announced an update on Federal Court proceedings initiated by the Australian Securities and Investments Commission against its subsidiary, Equity Trustees Superannuation Limited (ETSL). ASIC has amended its claim to include compensation orders for losses incurred by members of the AMG Super and Super Simplifier platforms who invested in the Shield Master Fund. ETSL maintains that it acted in accordance with its fiduciary duties and intends to defend the proceedings. The revaluation of the Shield Master Fund indicates a significant potential recovery of funds for members, and ETSL is actively supporting the recovery process.
The most recent analyst rating on (AU:EQT) stock is a Buy with a A$37.00 price target. To see the full list of analyst forecasts on EQT Holdings Ltd. stock, see the AU:EQT Stock Forecast page.
More about EQT Holdings Ltd.
Equity Trustees, established in 1888, is Australia’s leading specialist trustee company, offering independent and impartial trustee and executor services. The company provides a diverse range of services including asset management, estate planning, philanthropic services, superannuation trusteeship, and Responsible Entity services for external fund managers. EQT Holdings Limited, the parent company, is publicly listed on the Australian Securities Exchange and operates offices in Melbourne, Adelaide, Sydney, Brisbane, and Perth.
Average Trading Volume: 71,974
Technical Sentiment Signal: Sell
Current Market Cap: A$619.7M
Find detailed analytics on EQT stock on TipRanks’ Stock Analysis page.