Megaport Ltd. (AU:MP1) has released an update.
The Commonwealth Bank of Australia and its related entities have become a substantial holder in Megaport Limited, acquiring a total voting power of 5.11%. This stake comprises 8,143,406 fully paid ordinary shares, indicating a notable interest in the operations and future of the tech company. The acquisition underscores CBA’s strategic investment decisions and potential influence in Megaport’s business direction.
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