Southern Cross Media Group Limited (AU:SXL) has released an update.
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Southern Cross Media Group Limited has reported a notable increase in ownership by substantial holder 19 Cashews Pty Ltd, with their voting power in the company rising from 8.13% to 10.60% as of 17 May 2024. This shift in substantial holdings is a result of a series of market purchases made by TIGA Trading Pty Ltd between 14 and 17 May, totaling an acquisition of shares worth millions of dollars. Such movements are significant to investors as they may reflect changing investor confidence and potential impacts on company governance.
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