Abacus Group Posts Reduction in Carrying Value of Storage King Securityholding After Accounting Reclassification; Shares Down 3%

MT Newswires Live

Aug 14

Abacus Group (ASX:ABG) said the accounting reclassification of the value of its retained security holding in Storage King Group (ASX:SKG) to fair value from an equity-accounted carrying value will result in a reduction in holding value of about AU$122.1 million or AU$0.137 per unit, according to a Friday filing with the Australian bourse.

The company no longer has "significant" influence over Storage King Group after the internalization on June 30, leading to the reclassification of the investment under Australian Accounting Standards, the filing said.

Abacus Group shares fell 3% in morning trade Friday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2659199920"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2659199920\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2659199920?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-08-14 09:03","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2659199920","market":"hk","top_or_hot":-1,"title":"Abacus Group Posts Reduction in Carrying Value of Storage King Securityholding After  Accounting Reclassification; Shares Down 3%","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/ABG.AU\">Abacus Group</a> (ASX:ABG) said the accounting reclassification of the value of its retained security holding in Storage King Group (ASX:SKG) to fair value from an equity-accounted carrying value will result in a reduction in holding value of about AU$122.1 million or AU$0.137 per unit, according to a Friday filing with the Australian bourse.</p><p>The company no longer has \"significant\" influence over Storage King Group after the internalization on June 30, leading to the reclassification of the investment under Australian Accounting Standards, the filing said.</p><p>Abacus Group shares fell 3% in morning trade Friday.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Abacus Group Posts Reduction in Carrying Value of Storage King Securityholding After  Accounting Reclassification; Shares Down 3%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAbacus Group Posts Reduction in Carrying Value of Storage King Securityholding After  Accounting Reclassification; Shares Down 3%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-08-14 09:03</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/ABG.AU\">Abacus Group</a> (ASX:ABG) said the accounting reclassification of the value of its retained security holding in Storage King Group (ASX:SKG) to fair value from an equity-accounted carrying value will result in a reduction in holding value of about AU$122.1 million or AU$0.137 per unit, according to a Friday filing with the Australian bourse.</p><p>The company no longer has \"significant\" influence over Storage King Group after the internalization on June 30, leading to the reclassification of the investment under Australian Accounting Standards, the filing said.</p><p>Abacus Group shares fell 3% in morning trade Friday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7154","symbol_name":"办公室房地产信托","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2659199920","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2659199920","pubTimestamp":1786669401,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Abacus Group  said the accounting reclassification of the value of its retained security holding in Storage King Group  to fair value from an equity-accounted carrying value will result in a reduction in holding value of about AU$122.1 million or AU$0.137 per unit, according to a Friday filing with the Australian bourse.The company no longer has \"significant\" influence over Storage King Group after the internalization on June 30, leading to the reclassification of the investment under Australian Accounting Standards, the filing said.Abacus Group shares fell 3% in morning trade Friday.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7154":"办公室房地产信托","BK7151":"自存仓储房地产信托","ABG.AU":"Abacus Group","SKG.AU":"STORAGKING STAPLED"},"translate_title":"Abacus 集团在会计重新分类后减少了 Storage King Securityholding 的账面价值；股价下跌 3%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ABG.AU":1,"SKG.AU":1},"content_text":"Abacus Group (ASX:ABG) said the accounting reclassification of the value of its retained security holding in Storage King Group (ASX:SKG) to fair value from an equity-accounted carrying value will result in a reduction in holding value of about AU$122.1 million or AU$0.137 per unit, according to a Friday filing with the Australian bourse.The company no longer has \"significant\" influence over Storage King Group after the internalization on June 30, leading to the reclassification of the investment under Australian Accounting Standards, the filing said.Abacus Group shares fell 3% in morning trade Friday.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}