Vanguard has announced that it will move to delist its Hong Kong-listed exchange traded funds within a month, putting an official end to its seven-year-old locally listed ETF business.
The US passive fund giant will apply to the Hong Kong stock exchange to delist all of its six local ETFs with May 10 being the last trading day, according to a notice issued by the company on Thursday.
Vanguard said it will pay back investors in a round of cash distribution, scheduled on or around June 9, if they still hold shares of the ETFs as of May 14.
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