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Ashoka WhiteOak Emerging Markets proposes merger with Asia Dragon
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investmentweek.co.ukIn a stock exchange notice today (7 May), the AWEM board said the merger should create a vehicle of materially enlarged scale, with improved secondary market liquidity and a reduced ongoing charges ratio. The transaction would result in the voluntary liquidation of Asia Dragon, with its shareholders offered the choice of rolling over their investment into the enlarged trust or a cash exit capped at 50% of shares in issue. Asia Dragon shareholders that opt to exit will have all or part of their shareholding in Asia Dragon realised at a 1% discount to formula asset value, or the prevai...
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