The HMRC has accepted Pangolin Asia Fund into the Reporting Fund regime with effect from 1 December 2013 for UK tax purposes. Investors who are subjected to UK taxation will be required to use the report available in this notice to calculate the amount of income that you will need to include in your tax return.

James Hay shares why he thinks the offer price of 56 cents per share for Challenger Technologies to delist is far below fair value as he seeks to build a 10% bloc to vote against the deal.

As at the 31st of March 2019 the NAV of the Class A shares of the Pangolin Asia Fund was US$472.67 net of all fees and expenses, up 1.19% from US$467.10 in February.

As of 8 May, shareholders amounting to 6.8% indicated they will reject the offer. Along with our 2.9% we are now at 9.7% against.

Mr Loo and Dymon Asia, via Digileap Capital, are attempting to take Challenger private at S$0.56c a share. We believe this price to be significantly below the true value of the company. This offer will not go through if 10% of the shareholders reject it.

As at the 28th of February 2019 the NAV of the Class A shares of the Pangolin Asia Fund was US$467.10 net of all fees and expenses, up 0.99% from US$462.51 in January.

Death to Palm Oil?

And Neither Should You.

As at the 31st of January 2019 the NAV of the Class A shares of the Pangolin Asia Fund was US$462.51 net of all fees and expenses, up 3.21% from US$448.11 in December.

As at the 31st of December 2018 the NAV of the Class A shares of the Pangolin Asia Fund was US$448.11 net of all fees and expenses, up 0.37% from US$446.46 in November. For FY 2018 we were down 7.76%.