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Elphinstone Group Increases Stake in Engenco Limited

Story Highlights
  • Engenco Limited’s substantial holder, Elphinstone Group, now holds 92.68% voting power.
  • Elphinstone Group’s increased stake follows an off-market takeover bid by Elph Investments Pty Ltd.
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Elphinstone Group Increases Stake in Engenco Limited

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An update from Engenco Limited ( (AU:EGN) ) is now available.

Engenco Limited has seen a change in the interests of its substantial holder, the Elphinstone Group, which now holds a 92.68% voting power in the company, up from 90.64%. This increase in voting power follows the acquisition of additional shares through an off-market takeover bid by Elph Investments Pty Ltd, indicating a consolidation of control by the Elphinstone Group, which could impact the company’s strategic direction and stakeholder interests.

More about Engenco Limited

Average Trading Volume: 36,512

Technical Sentiment Signal: Hold

Current Market Cap: A$96.38M

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

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