Sovereign Cloud Holdings Ltd. (AU:CYB) has released an update.
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AUCyber Limited has announced the immediate termination of CEO Peter Maloney, with Executive Chair Cathie Reid stepping in as caretaker. Meanwhile, 5G Networks Limited has acquired a significant 10.74% stake in the company, signaling potential shifts in the company’s shareholder dynamics. AUCyber is known for its high-security cloud infrastructure and has been recognized for innovation and as an employer of choice.
For further insights into AU:CYB stock, check out TipRanks’ Stock Analysis page.