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SEQ Hospitality Strengthens Hold on Eumundi Group with Increased Shares

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SEQ Hospitality Strengthens Hold on Eumundi Group with Increased Shares

An announcement from Eumundi Group Limited ( (AU:EBG) ) is now available.

Eumundi Group Limited, a company involved in the hospitality sector, has experienced a significant change in its shareholder structure. SEQ Hospitality Group Pty Ltd, along with its associates, has increased its voting power in Eumundi from 77.95% to 84.31% through an off-market takeover bid. This consolidation of shares suggests a strategic move by SEQ Hospitality to strengthen its influence within the company, potentially impacting future decisions and operations.

More about Eumundi Group Limited

YTD Price Performance: 0.60%

Average Trading Volume: 41,064

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$84.11M

See more data about EBG stock on TipRanks’ Stock Analysis page.

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