The latest announcement is out from Johns Lyng Group Ltd ( (AU:JLG) ).
Johns Lyng Group Ltd has announced that The Capital Group Companies, Inc. (CGC) and its related bodies corporate have ceased to be substantial holders in the company as of March 3, 2025. This change follows a series of disposals by Capital Research and Management Company, a subsidiary of CGC, which sold a total of 5,237,585 common stocks on the market. The divestment indicates a shift in CGC’s investment strategy regarding Johns Lyng Group, potentially impacting the company’s shareholder composition and market perception.
More about Johns Lyng Group Ltd
YTD Price Performance: -31.27%
Average Trading Volume: 1,617,986
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$717.6M
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