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Engenco Limited ( (AU:EGN) ) has provided an update.
Elph Investments Pty Ltd, along with its associated entities within the Elphinstone Group, has increased its voting power in Engenco Limited from 70.67% to 72.01%. This change follows the acceptance of an off-market takeover bid, which involved the acquisition of 4,225,781 ordinary shares at $0.31 per share. This increase in voting power strengthens the Elphinstone Group’s influence over Engenco Limited, potentially impacting the company’s strategic direction and decision-making processes.
More about Engenco Limited
Average Trading Volume: 75,860
Technical Sentiment Signal: Hold
Current Market Cap: A$90.06M
For an in-depth examination of EGN stock, go to TipRanks’ Stock Analysis page.