PPK Group Advances with Li-S Energy Deconsolidation

PPK Group Limited (AU:PPK) has released an update.

PPK Group Limited is moving forward with the deconsolidation of Li-S Energy Limited by distributing a special dividend of LIS shares to its shareholders and making significant share transactions, including a charitable donation to Deakin University. The move will see PPK cease control over LIS, leading to changes in accounting practices and potential non-cash impairments. This strategic step highlights PPK’s commitment to innovation and shareholder value.

For further insights into AU:PPK stock, check out TipRanks’ Stock Analysis page.