Bullish indicating open at $55-$60, IPO prices at $37
GUERNSEY - Weiss Korea Opportunity (SO:FTCE11B) Fund Ltd. (LSE:WKOF), a closed-ended investment scheme, has announced the adoption of a new investment objective and policy following an Extraordinary General Meeting (EGM) held today. The resolutions, as detailed in the notice sent to shareholders on March 19, 2025, were passed with overwhelming support.
During the EGM, shareholders cast votes representing 48.62% of the issued share capital. The first resolution, which proposed the new investment objective and policy, received 99.94% votes in favor. The second resolution, concerning the adoption of new articles of incorporation, garnered the same level of support. There were no votes withheld for either of the resolutions.
The new investment policy’s approval indicates a strategic shift for the company, though specific details of the changes have not been disclosed in the press release statement. The fund, which is incorporated under the laws of Guernsey, has not revealed how this shift will affect its operations or investment strategies.
The company has made the circular, which includes the Notice of EGM, available on its website for shareholders and interested parties to review. The resolutions’ full text can also be found in the Notice of EGM, providing stakeholders with a comprehensive understanding of the changes approved.
This development could signal a new direction for Weiss Korea Opportunity Fund Ltd. as it adjusts its investment approach. Investors and market watchers will likely follow the fund’s performance closely to gauge the impact of the new policy on its future success.
The information provided in this article is based on a press release statement issued by Weiss Korea Opportunity Fund Ltd.
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