AuKing Mining Ltd (AU:AKN) has released an update.
KABUNGA HOLDINGS PTY LTD, a substantial holder in AuKing Mining Ltd, has reported a decrease in their voting power from 15.45% to 12.87%. This change occurred due to a dilutive effect following the company’s issue of 50 million new ordinary shares as part of a placement and acquisition strategy. Despite this dilution, KABUNGA HOLDINGS continues to hold 41 million ordinary shares in AuKing Mining Ltd.
For further insights into AU:AKN stock, check out TipRanks’ Stock Analysis page.
