Genex Power Ltd. (AU:GNX) has released an update.
Mitsubishi UFJ Financial Group, Inc. has emerged as a substantial holder in Genex Power Limited, with a 5.01% voting power through 69,373,970 fully paid ordinary shares. The significant acquisition, which places Mitsubishi UFJ’s voting interest above the 20% threshold in Morgan Stanley, highlights the financial group’s strategic positioning within the Australian energy company. This move could signal Mitsubishi UFJ’s growing influence in the renewable energy sector, marking a notable shift in Genex Power’s shareholder landscape.
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