Megaport Ltd. (AU:MP1) has released an update.
The Commonwealth Bank of Australia (CBA) has become a substantial holder in Megaport Limited, acquiring a total voting power of 5.02% through its possession of 8,002,335 fully paid ordinary shares. This move by CBA and its related bodies corporate reflects a significant interest in the tech infrastructure company as outlined under the Corporations Act 2001. The acquisition underscores CBA’s strategic investment decisions and potential influence in Megaport’s future direction.
For further insights into AU:MP1 stock, check out TipRanks’ Stock Analysis page.
