Platinum Asia Investments Ltd. ( (AU:PAI) ) has issued an announcement.
Platinum Asia Investments Limited has announced its continued commitment to a proposed scheme of arrangement with Platinum Investment Management Limited, allowing shareholders to exchange their shares for units in the Platinum Asia Fund Complex ETF. Despite receiving a competing acquisition proposal, the board, supported by an independent financial adviser, determined that the original scheme remains in the best interest of shareholders. The implementation of the scheme is expected to occur in late July 2025, with a shareholder meeting scheduled for early July 2025 to approve the arrangement.
More about Platinum Asia Investments Ltd.
Platinum Asia Investments Limited operates in the financial investment industry, focusing on providing investment opportunities through its ASX-listed shares. The company is involved in managing investment funds, with a market focus on Asia, and offers products such as the Platinum Asia Fund Complex ETF.
Average Trading Volume: 359,244
Technical Sentiment Signal: Strong Sell
See more insights into PAI stock on TipRanks’ Stock Analysis page.