Southern Cross Electrical Engineering Limited (AU:SXE) has released an update.
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Southern Cross Electrical Engineering Limited (ASX:SXE) has reported a change in the interests of substantial holder Thorney Opportunities Ltd, with a decrease in voting power from 15.66% to 14.45%. The change resulted from a series of market sales by Thorney Opportunities Ltd and associated entities, significantly reducing their stake in the company over several transactions. This shift in shareholder dynamics could influence the company’s strategic direction and investor confidence.
For further insights into AU:SXE stock, check out TipRanks’ Stock Analysis page.
