Australia's James Hardie gains on addressing ASX listing concerns

James Hardie Industries

28/04/2025 02:07

** James Hardie JHX.AX rises as much as 4.9% to A$38.150, highest since March 31

** Building products maker addresses investor concerns by voluntarily agreeing to hold shareholder vote before making any changes to its ASX listing status

** Investors had challenged Australia's listing rules after JHX proposed its $8.75 billion AZEK acquisition without shareholder approval, raising concerns about significant dilution of existing holdings

** JHX set to gain for three straight sessions

** Stock last up 1.8%, trims this year's losses to 27.3%, as of last close

 (Reporting by Roushni Nair in Bengaluru)

 ((Roushni.nair@thomsonreuters.com;))