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The latest announcement is out from Sovereign Cloud Holdings Ltd. ( (AU:CYB) ).
5G Networks Limited has increased its ownership stake in AUCyber Limited to over 90%, following additional on-market purchases. This move positions 5GN to potentially exercise its compulsory acquisition power to acquire the remaining shares, although no decision has been made yet. The acquisition could significantly impact AUCyber’s operations and market positioning, with further updates expected as per disclosure obligations.
More about Sovereign Cloud Holdings Ltd.
AUCyber Limited operates in the cybersecurity industry, focusing on providing cybersecurity solutions and services. The company is listed on the Australian Securities Exchange under the ticker CYB.
Average Trading Volume: 76,358
Technical Sentiment Signal: Sell
Current Market Cap: A$15.86M
For a thorough assessment of CYB stock, go to TipRanks’ Stock Analysis page.