Smartgroup Corporation Ltd (AU:SIQ) has released an update.
State Street Corporation and its subsidiaries have emerged as a substantial holder in Smartgroup Corporation Ltd, acquiring a 5.01% stake totaling 6,714,315 ordinary shares. The acquisition, marking State Street as a significant investor, was officially registered on July 9, 2024. This financial move could indicate State Street’s confidence in Smartgroup’s business model and future prospects.
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