Asia Dragon Trust: Chairs statement
Please read below for the Chairman's statement from the 2023 Annual Report. This report details recent changes to the company as well as its outlook for the year ahead.
Asia Dragon Trust plc
Capturing growth from world-class Asian companies
Daily Pricing
Leading
Looking for world-class, quality Asian companies
Long-term
Seeking steady, long-term growth
Local
At the heart of Asia for over 30 years
Proposed combination with abrdn New Dawn Investment Trust plc - Results of the Scheme and Issue of New Shares
In connection with the combination of the assets of the Company with the assets of abrdn New Dawn Investment Trust plc ("New Dawn"), which was approved by New Dawn Shareholders on 8 November 2023, the Board of Asia Dragon Trust plc (the "Company" or "DGN") is pleased to announce that the Company will acquire approximately £214.7 million of net assets from New Dawn in consideration for the issue of 52,895,670 New Shares to New Dawn Shareholders in accordance with the Scheme.</p><p></p><p>The Company is also pleased to welcome former abrdn New Dawn Investment Trust (‘New Dawn’) shareholders to the register following the completion of the announced scheme of reconstruction. The Company also welcomes former New Dawn board members Donald Workman, Stephen Souchon and Nicole Yuen to the board effective 8 November.
Watch on demand: Online presentation with Chairman and Managers
The Asia Dragon Trust PLC online shareholder presentation took place on Monday 27th November 2023 . This online event took the form of a short introduction from the Chairman, followed by a more detailed presentation from the Managers, James Thom and Pruksa Iamthongthong. A recording of the online event is now available to view below.
Asia Dragon Trust
Capturing growth from world-class Asian companies
As a long-term, cornerstone investment in Asian equity markets, Asia Dragon Trust seeks to provide investors with access to high quality companies - companies we believe to be attractively valued with effective management, good cash flows and healthy balance sheets.
Leading: in a market of diverse corporate quality, our intensive approach seeks to bring together world-class, quality Asian companies that are transforming their sector and setting governance standards.
Long term: as one of the largest Asian investment trusts, our size and extensive manager experience make Asia Dragon a solid cornerstone investment looking to drive steady, long-term growth from a volatile but unmissable region.
Local: at the heart of Asia for over 30 years, our broad and deep in-country presence gives us regional insight from a global perspective and outstanding corporate access across this complex, wide-ranging and fast-changing market.
Find out more about Asia Dragon Trust
Risk warning
The value of investments and the income from them can go down as well as up and you may get back less than the amount invested.
Key documents
Latest Kepler research note
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