AMP's life insurance arm has lost its appeal to be allowed to vote on the future of the group's embattled China Growth Fund.
The ruling, handed down by the NSW Supreme Court on Friday, lands a serious body blow to AMP's hopes to vote down a motion being brought by activist institutional shareholders to wind up the AMP Capital China Growth Fund. The vote will take place at an extraordinary general meeting of shareholders on Thursday, July 28.
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Sally Rose is a Sydney-based reporter, who covers business, personal finance and superannuation. Connect with Sally on Twitter.
