Champion Iron Limited (ASX: CIA) has announced a proposal to re-domicile from Australia to Canada by the way of Scheme of arrangement. A few reasons for the Re-Domiciliation are listed below:
- The Re- D-domiciliation will increase the attractiveness of champion Canada to the more diverse financial market and institutional investors.
- Champion Canada may become eligible for inclusion in Canadian indices.
- The active listed on ASX and TSX would be retained.
- The Re- domiciliation would align the parent domicile of the newly listed parent company with its assets and operations.
At AEDT (1:23 PM), the stock was trading at $2.900, up by 3.203 per cent from the previous close.
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