On September 20, 2018, Macquarie Korea Infrastructure Fund announced that it has defeated an attempt to oust the company as manager of a listed infrastructure fund in South Korea, after shareholders endorsed the status quo. The Fund stated that an extraordinary general meeting, held late on Wednesday, saw shareholders vote on a proposal by an activist firm to remove Macquarie as manager of the listed Macquarie Korea Infrastructure Fund. The Fund further stated that most investors sided with Macquarie. Those representing 74 per cent of total shares on issue participated in the poll, with just 31 per cent voting in favor of Platform's proposal. The activist required a result of more than 50 per cent of shares outstanding to get its resolution up.