Genex Power Ltd. (AU:GNX) has released an update.
Mitsubishi UFJ Financial Group, Inc. has officially ceased to be a substantial holder in Genex Power Limited, as detailed in a recent Form 605 filed with the authorities. The change occurred after the collateral held by a Morgan Stanley-controlled entity was returned, affecting over 2.8 million votes previously under Mitsubishi UFJ’s control. This significant shift in Genex Power’s shareholder structure may interest investors monitoring the company’s stock.
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