Megaport Ltd. (AU:MP1) has released an update.
Commonwealth Bank of Australia (CBA) has emerged as a substantial holder in Megaport Limited, with a total voting power of 5.00% through its acquisition of 7,973,143 fully paid ordinary shares. The relevant interests of CBA and associated bodies are due to their significant voting power in other investment entities, which in turn hold shares in Megaport. This move could signal CBA’s confidence in Megaport’s business model and future prospects.
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