on Dexus Finance Pty Limited (isin : XS1961891220)
Dexus Finance Updates on APAC Legal Proceedings and Infrastructure Fund Review
Dexus Finance Pty Limited has provided an update on the ongoing APAC legal matter and the strategic review of its infrastructure funds. The NSW Supreme Court has extended an injunction until 22 June 2026, allowing Dexus Bloc shareholders time to approach the NSW Court of Appeal. Dexus has committed to covering legal costs for any appeal filed by these shareholders.
The court also allowed APAC's auditor to finalize the valuation of Dexus Bloc shareholder interests, though some shareholders dispute the valuation date. The case is scheduled for 9 September 2026 to address cost and indemnity claims.
Dexus has initiated a strategic review of its infrastructure funds acquired from AMP Capital. The review includes various funds and mandates, aiming for a strategic path forward for investors. This initiative represents $7.3 billion of funds under management, reflecting Dexus's commitment to address emerging issues in its portfolio.
R. H.
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