CBA Reduces Stake in GR Engineering Services

GR Engineering Services Ltd (AU:GNG) has released an update.

The Commonwealth Bank of Australia (CBA) has altered its stake in GR Engineering Services Ltd, with its voting power declining from 7.45% to 6.38%. This change occurred on April 10, 2024, as detailed in a recent substantial holder notice, reflecting a reduction in CBA’s shareholding from 12,291,675 to 10,652,199 ordinary shares. These adjustments in CBA’s interests mark a significant shift for stakeholders and the market to consider.

For further insights into AU:GNG stock, check out TipRanks’ Stock Analysis page.