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Sovereign Cloud Holdings Ltd. ( (AU:CYB) ) has shared an update.
5G Networks Limited (5GN) has increased its substantial holding in AUCYBER Limited, now holding 63.089% of the company’s fully paid ordinary shares. This change in voting power, up from 60.795%, was achieved through on-market acquisitions as outlined in their bidder’s statement. The increased stake strengthens 5GN’s influence in AUCYBER, potentially impacting future strategic decisions and market positioning.
More about Sovereign Cloud Holdings Ltd.
YTD Price Performance: -10.0%
Average Trading Volume: 1,465,653
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$22.08M
For an in-depth examination of CYB stock, go to TipRanks’ Stock Analysis page.
