Commonwealth Bank Trims Move Logistics Stake

Move Logistics Group Limited (AU:MOV) has released an update.

The Commonwealth Bank of Australia has decreased its stake in Move Logistics Group Limited, now holding less than the substantial threshold with 4.975% of the ordinary shares, as opposed to the previous 5.182%. The reduction in shareholding resulted from a series of sales transactions detailed in an official disclosure. This move may influence the market’s view of the logistics company’s stock.

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