Megaport Ltd. (AU:MP1) has released an update.
Megaport Ltd. has reported that a new substantial holder, the Police and Firemen’s Retirement System of New Jersey, has acquired a significant number of voting shares, reaching a total voting power of 5.44%. The holding includes a diverse portfolio of ordinary shares registered under various entities, with State Street Global Advisors and its affiliates having a notable presence as investment managers and trustees with the power to vote or dispose of securities. The news of this substantial acquisition may influence Megaport Ltd.’s stock market performance as investors react to the new significant stakeholder.
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