Fidelity China Special Situations PLC - China-focused investment trust - Regarding combination of assets with those of abrdn China Investment Co Ltd, which was approved by the latter’s shareholders on Wednesday, Fidelity China will buy about £126.6 million of net assets from abrdn China for the issue of 59.0 million new shares for about 214.6 pence each to abrdn China shareholders in accordance with the scheme. In November, the companies said that they agreed to create a closed-end investment vehicle in London with £1.2 billion in assets.

Current stock price: 198.20 pence each, up 0.1% on Wednesday afternoon in London

12-month change: down 19%

Copyright 2024 Alliance News Ltd. All Rights Reserved.