ASX Commits to Strategic Actions Following ASIC Inquiry
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ASX Limited has announced a strategic package of actions in response to an ASIC inquiry, including a $150 million capital charge and a strategic reset of its Accelerate Program. This will involve governance changes and a revised regulatory approach. The company will adjust its dividend policy, impacting its return on equity and financial guidance. The latest analyst rating for ASX stock is a Sell with a A$54.05 price target.
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