tiprankstipranks
Trending News
More News >

Elph Investments Increases Stake in Engenco Limited

Story Highlights
Elph Investments Increases Stake in Engenco Limited

Don’t Miss TipRanks’ Half-Year Sale

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.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1