PGF Proposes Acquisition of Platinum Asia Investments and Platinum Capital

Platinum Asia Investments Ltd. ( (AU:PAI) ) just unveiled an announcement.

Platinum Asia Investments Ltd. has received non-binding indicative proposals from PM Capital Global Opportunities Fund Limited (PGF) to acquire 100% of its shares and those of Platinum Capital Limited through schemes of arrangement. These proposals offer shareholders the option to exchange their shares for PGF shares at a premium or receive cash consideration. PGF believes these proposals are superior to the existing arrangements with Platinum International Fund and Platinum Asia Fund, offering a higher value and greater market liquidity.

More about Platinum Asia Investments Ltd.

YTD Price Performance: 4.90%

Average Trading Volume: 338,504

Technical Sentiment Consensus Rating: Sell

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