Veem Ltd (AU:VEE) has released an update.
Perennial Value Management Limited (PVM) has increased its voting power in Veem Ltd from 11.66% to 12.73%, as reported in a recent substantial holding notice. The notice details a series of market purchases by associates of PVM, including BNP Paribas Securities Services, HSBC, and Northern Trust, contributing to the rise in PVM’s influence within the company. These transactions underline PVM’s growing stake and possible strategic interest in Veem Ltd’s financial trajectory.
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