HFA confirms transaction talks
Funds management group HFA Holdings has confirmed to the Australian Securities Exchange (ASX) that it is in discussions around a potential transaction that might impact its share price.
Responding to a price query from the ASX, the company said that the transaction, if implemented, would involve a material investment in HFA via the issue of new securities by the company.
It said the discussions were incomplete and there was no certainty the transaction would proceed.
AUTHOR
Mike Taylor
Recommended for you
Adviser losses this week are quadruple the same period a year ago, with the industry falling into negative territory for the last 12 months.
Colonial First State has announced the latest manager to join its Edge managed accounts menu, focusing on providing investors with a strategic income.
Rising advice fees has prompted Radar Results to increase its price guide to a minimum of $3,000 per client to reflect the changing shape of the adviser landscape.
Investment consultancy Ascalon Capital has appointed a new partner, who joins from 20 years at Zenith Investment Partners, as well as a new chief executive amid a “bold new chapter” for the firm.
