First Sentier Investors Takes Stake in MMA Offshore

MMA Offshore Limited (AU:MRM) has released an update.

First Sentier Investors (Australia) IM Ltd has become a substantial holder in MMA Offshore Limited, controlling a 5.08% voting power through 19,254,746 fully paid ordinary shares as of April 4, 2024. The shares include both direct voting rights and those informed by its ultimate parent, Mitsubishi UFJ Financial Group Inc. This marks a significant move by the investment manager, reflecting a potential strategic interest in MMA Offshore’s operations and future.

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