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Webcentral Ltd ( (AU:5GN) ) has issued an announcement.
5GN Cloud Pte Ltd, a substantial holder, has acquired 55,000,000 fully paid ordinary shares in 5G Networks Limited, equating to an 18.02% voting power. This acquisition, completed on December 31, 2024, for a cash consideration of $8.25 million, marks a significant increase in 5GN Cloud’s influence within 5G Networks, potentially impacting the company’s strategic direction and stakeholder interests.
More about Webcentral Ltd
YTD Price Performance: 37.50%
Average Trading Volume: 8,320
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $31.32M
For a thorough assessment of 5GN stock, go to TipRanks’ Stock Analysis page.
