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Chorus Limited Sees New Substantial Holding by Mitsubishi UFJ Financial Group

Story Highlights
  • Mitsubishi UFJ Financial Group and partners acquired a 5.005% stake in Chorus Limited.
  • This acquisition may impact Chorus Limited’s market dynamics and shareholder structure.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Chorus Limited Sees New Substantial Holding by Mitsubishi UFJ Financial Group

Elevate Your Investing Strategy:

An announcement from Chorus Limited ( (CHRUF) ) is now available.

Chorus Limited has announced a substantial holding disclosure involving Mitsubishi UFJ Financial Group, Inc., First Sentier Investors RQI Pty Ltd, and First Sentier Investors (Australia) IM Ltd. These entities have collectively acquired a 5.005% stake in Chorus Limited’s ordinary shares, amounting to 21,717,569 shares out of a total of 433,887,294. This acquisition reflects Mitsubishi UFJ Financial Group’s strategic interest in Chorus Limited, potentially influencing the company’s market dynamics and shareholder structure.

More about Chorus Limited

YTD Price Performance: 2.38%

Technical Sentiment Signal: Strong Sell

Current Market Cap: $2.12B

Learn more about CHRUF stock on TipRanks’ Stock Analysis page.

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