Asia Dragon assets swell by over £200m following abrdn New Dawn merger

Total assets over £700m

Eve Maddock-Jones
clock • 1 min read

Asia Dragon (DGN) trust has seen its total assets grow by £214.7m following its merger with abrdn New Dawn (ABD).

This puts DGN's total assets at £736.4m, as pre-merger it held £494.7m, according to data from the Association of Investment Companies. The merger of the two abrdn trusts was first proposed in July and today (8 November), shareholders in ABD formally approved the combination of assets. Asia Dragon shareholders greenlight abrdn New Dawn merger DGN announced that 52,895,670 new shares will be issued to ABD shareholders, in accordance with the scheme. Shares of the fully combined portfolio are expected to begin trading tomorrow (9 November) at 9am. abrdn New Dawn investors were off...

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