Sequoia Financial Group Ltd. (AU:SEQ) has released an update.
DMX Asset Management Ltd has emerged as a substantial shareholder in Sequoia Financial Group Limited, securing a 5.10% voting power through the acquisition of 6,566,657 ordinary shares. The shares were purchased at a total cash consideration of $824,697.30 within a four-month period before gaining substantial shareholder status. This financial move signifies DMX Asset Management’s growing influence in the company’s affairs.
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