GQG Partners (ASX:GQG) terminated a plan to repurchase up to AU$100 million of CHESS Depositary Instruments on common stock (CDIs) due to uncertainties relating to the buyback's US tax treatment, according to a Monday filing with the Australian bourse.
The company said it may have to withhold up to 30% of the proceeds from shareholders selling into the buyback because of US tax requirements.
"GQG does not believe that it is appropriate to pursue the CDI buyback at this time given that it does not anticipate being able to resolve this uncertainty prior to entering its year-end blackout period," the investment company said.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。