Head of the Greater China team and lead portfolio manager Howard Wang speaks about the key objectives, features, performance and outlook for the Trust.
The final date for the exercise of Subscription Share Rights by Subscription Shareholders was 15th May 2013. As the subscription shares expired “out of the money”, the majority of holders did not convert and, consequently, there were 12,683,443 outstanding subscription shares following the Final Exercise Date. A Final Subscription Trustee (’Trustee’) has been appointed to act on behalf of those Subscription Shareholders who have not exercised their Subscription Share Rights. In accordance with the Subscription Share terms, the Trustee will have to decide within 14 days of the Final Exercise Date, such period expiring at the latest at close of business on 29th May 2013, whether or not to exercise the outstanding Subscription Share Rights.