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Merger: Yes or No, page-912

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Warwickk

90 Posts.

19

17/12/23

13:22

Post #: 71492739
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Originally posted by struggler: ↑

“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.

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Thanks struggler - i realize they exist and operate as expected.

CDI holders must be notified as per regulations if cancellations are imminent

But does anyone know of an instance where they have been cancelled.

W

AKE Price at posting: $10.47 Sentiment: Buy Disclosure: Held
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0 Great analysis

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