Sierra Rutile Holdings Limited (AU:SRX) has released an update.
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Sierra Rutile Holdings Limited (SRX) has experienced a significant shift in share ownership, with Leonoil Company Limited and its associates including Vincent L Kanu Jnr. and Mohamed B Cole increasing their voting power from 80.77% to 86.15% through an off-market takeover bid and on-market purchases. The transactions involved acquiring ordinary shares at a price of $0.18 each, further consolidating their substantial holding in the company.
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