ASX LIVE: Australian open modestly higher; Blackmores chair exits; Perpetual hit by ASIC stop orders

ASX LIVE: Australian open modestly higher; Blackmores chair exits; Perpetual hit by ASIC stop orders

Australian regulator temporarily halts orders on two Perpetual funds Nov 25 (Reuters) - Australian securities regulator on Friday directed a unit of asset manager Perpetual Ltd (PPT.AX) to stop offering or distributing two funds to retail investors on an interim basis due to significant market risks involved. The announcement comes at a time when Perpetual is looking to seal a deal with buyers EQT-owned Barings Private Equity Asia (BPEA) and Regal Partners (RPL.AX) while being cornered by a court to …