MUFG Acquires Significant Stake in Credit Corp
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MUFG Acquires Significant Stake in Credit Corp

Credit Corp Group Limited (AU:CCP) has released an update.

Credit Corp Group Limited has reported that Mitsubishi UFJ Financial Group (MUFG) and its subsidiary, First Sentier Investors Holdings Pty Limited, have established a significant voting interest in the company’s shares. As of May 14, 2024, MUFG, through its ownership and investment management capacity, controls the voting rights attached to a substantial number of shares, underscoring its influence within Credit Corp. The details of the voting power and relevant interests in shares are formalized under the Corporations Act 2001, highlighting the strategic financial maneuvers by these entities.

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