AustChina Holdings Limited (AU:AUH) has released an update.
Treasure Wheel Global Limited, a substantial holder in AustChina Holdings Limited, has experienced a change in its stake, with its voting power reducing from 50.12% to 44.14% as a consequence of on-market sales and dilution due to share issues and convertible note conversions. The series of transactions, including selling and converting securities, occurred between November 2021 and March 2024, affecting over 927 million fully paid ordinary shares. These movements reflect significant shifts in the company’s ownership structure and could influence its strategic direction.
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