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Mitsubishi UFJ Financial Group Alters Stake in West African Resources

Story Highlights
  • Mitsubishi UFJ Financial Group no longer holds a substantial stake in West African Resources.
  • Transactions involving Morgan Stanley affected the voting securities of West African Resources.
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Mitsubishi UFJ Financial Group Alters Stake in West African Resources

West African Resources Ltd ( (AU:WAF) ) has shared an update.

Mitsubishi UFJ Financial Group, Inc. has ceased to be a substantial holder in West African Resources Ltd. The change in their substantial holding status was due to a series of transactions involving the sale and purchase of securities, primarily controlled by Morgan Stanley, which affected the voting securities of the company. This development may impact the company’s shareholder structure and influence its market dynamics.

More about West African Resources Ltd

YTD Price Performance: 35.87%

Average Trading Volume: 16,954

Technical Sentiment Signal: Sell

Current Market Cap: $1.58B

For detailed information about WAF stock, go to TipRanks’ Stock Analysis page.

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