Base Resources (AU:BSE) has released an update.
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Base Resources Ltd has notified a change in the substantial holding by First Sentier Investors and its associates, indicating that Mitsubishi UFJ Financial Group, the ultimate parent company, now exercises voting power over a considerable number of shares. The change, which took effect on August 13, 2024, includes First Sentier Investors now having relevant interests in over 58 million shares, with Mitsubishi UFJ Financial Group having voting power prior to this notice. This shift in substantial holding could significantly influence the company’s future decisions and shareholder value.
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