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Australian Foundation Investment Co. Ltd. ( (AU:AFI) ) has issued an update.
Australian Foundation Investment Company Limited (AFI) has announced that it has become a substantial holder in Mirrabooka Investments Limited (MIR), acquiring 15,263,775 ordinary shares. This acquisition gives AFI a 6.86% voting power in MIR, which was achieved through participation in a non-renounceable pro-rata entitlement offer. This move could potentially strengthen AFI’s investment portfolio and influence in the market, impacting stakeholders by increasing AFI’s stake in the investment sector.
More about Australian Foundation Investment Co. Ltd.
Average Trading Volume: 542,188
Technical Sentiment Signal: Strong Buy
Learn more about AFI stock on TipRanks’ Stock Analysis page.