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Wealth First Portfolio Managers Limited has announced a board meeting to consider an amendment to the Main Object Clause of its Memorandum of Association. This amendment aims to enable the company to act as a sponsor and investment manager for asset management and mutual funds, thereby positioning itself to promote a new wholly-owned subsidiary for asset management activities. The proposed resolution will be put to a postal ballot, with remote e-voting commencing on November 17, 2024, and concluding on December 16, 2024. This strategic move could enhance the company’s operational capabilities and potentially generate new revenue streams, reflecting a positive outlook for investor sentiment.
All announcements from Wealth First Portfolio Managers Limited