Imdex Ltd (AU:IMD) has released an update.
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Mitsubishi UFJ Financial Group, Inc. has become a substantial shareholder in Imdex Ltd, holding a significant 5.05% voting power with over 25 million fully paid ordinary shares. This strategic move highlights Mitsubishi UFJ’s growing influence in the financial markets, as it navigates its interests through entities like Morgan Stanley and First Sentier Investors Holdings. Investors might find this development intriguing as it could impact Imdex’s market dynamics and future strategies.
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