Cyril Amarchand Mangaldas advises abrdn group on sale of 1 66 per cent stake in HDFC Life via block transactions aggregating Rs 2047 crore approx webindia123.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from webindia123.com Daily Mail and Mail on Sunday newspapers.
Overview I am pleased to report that over the year to 31 October 2020 the Company s net asset value ( NAV ) total return per Ordinary share was 8.9%. This compares favourably with a total return of 8.2% from the Company s benchmark, the MSCI Emerging Markets Net Total Return Index (in sterling terms), and reflects a significant recovery following the fall in the NAV of more than 11% for the first half of the financial year. The Ordinary share price total return for the year was 12.2%, as the discount to NAV at which the Company s shares trade narrowed slightly, to 13.4%, from 15.4% at the start of the financial year. At the time of writing, the discount to NAV stands at 13.0%.
Aberdeen Emerg IncCo (LSE:AEMC) | RNS | Aberdeen Emerg IncCo proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.
Background
On November 12, 2020, U.S. President Donald Trump issued Executive Order 13959 (the Executive Order ), which prohibits U.S. Persons from purchasing publicly traded securities of 35 Chinese companies identified as Communist Chinese Military Companies ( CCMCs ) or engaging in any transaction in any securities that are derivative of, or are designed to provide investment exposure to prohibited CCMC securities. Under the Executive Order, U.S. Persons cannot make purchases of CCMC securities effective January 11, 2021 and have until November 11, 2021 to divest from these securities.
On December 28, 2020, the U.S. Treasury Department s Office of Foreign Assets Control ( OFAC ) issued requirements regarding restrictions and processes in connection with the Executive Order.