“CHESS Depositary Interests are a vehicle for foreign companies to list on the ASX . They look like a share, trade like a share and in almost every way are a share. CDI holders get all the benefits of share ownership except not being able to personally vote in shareholder meetings—they must instruct a custodian on their behalf.” Morningstar
“There are now plenty of foreign companies with CDIs listed on the ASX, including ResMed and Constellation Brands, the US company that acquired wine group BRL Hardy last year.” Intelligent Investor Newmont and Resmed as well for example.
AKE Price at posting:
$10.47 Sentiment: Hold Disclosure: Held
