Shares of Platinum Asia Investments Rise Ahead of Key Scheme Meeting Vote

MT Newswires Live

2025/08/11

Shares of Platinum Asia Investments (ASX:PAI) rose in recent Monday trade after it said in a late Friday filing that its shareholders will vote on a proposed scheme of arrangement to exchange company shares for units in the Platinum Asia Fund Complex ETF (ASX:PAXX) at a scheme meeting on Aug. 12.

The company's shares rose around 1% in recent Monday trade.

Subject to shareholder approval, the second court hearing to confirm the scheme is scheduled for Aug. 15 at the Federal Court of Australia in Sydney, the filing said.

Shareholders can oppose the scheme by filing a notice of appearance and affidavit at least one day before the hearing, the filing added.

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