Platinum Asia Investments Ltd. ( (AU:PAI) ) has provided an announcement.
Platinum Investment Management Limited announced that the proposed merger between Platinum Asia Fund Complex ETF (PAXX) and Platinum Asia Investments Limited (PAI) is progressing as planned. The PAI Board has rejected an alternative proposal from PM Capital Global Opportunities Fund Ltd, favoring the merger with PAXX due to its alignment with industry trends and investor preferences for open-ended managed funds. The merger aims to address the persistent issue of share price discounts to net tangible assets faced by closed-ended vehicles, offering investors the flexibility to exit at net asset value. The merger is on schedule, with a shareholder meeting expected in July 2025.
More about Platinum Asia Investments Ltd.
Platinum Investment Management Limited, trading as Platinum Asset Management, operates in the financial services industry, focusing on investment management. The company offers a range of managed funds and investment strategies, primarily targeting retail and institutional investors.
Average Trading Volume: 359,244
Technical Sentiment Signal: Strong Sell
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