Witan Pacific Investment Trust PLC - investment trust - enters into investment management agreement to appoint Baillie Gifford & Co Ltd as the company's new alternative investment fund manager, company secretary and administrator, conditional on shareholder approval. Proposes company's investment objective changes to invest in shares or depositary receipts of Chinese companies. "The board believes that the move to a China growth strategy will provide shareholders with a truly differentiated investment proposition that should lead to a tightening of the discount and growth of the Company through superior investment returns," said Chair Susan Platts-Martin.
Current stock price: 373.63 pence
Year-to-date change: up 8.3%
By Lucy Heming;Â lucyheming@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.