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Elphinstone Group Increases Stake in Engenco Limited

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Elphinstone Group Increases Stake in Engenco Limited

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

Engenco Limited has experienced a change in the interests of its substantial holder, the Elphinstone Group, which now holds a 95.57% voting power in the company, up from 92.68%. This increase is due to the acquisition of additional shares through an off-market takeover bid by Elph Investments Pty Ltd, part of the Elphinstone Group, which could significantly impact Engenco’s operational control and strategic direction.

More about Engenco Limited

Average Trading Volume: 35,578

Technical Sentiment Signal: Hold

Current Market Cap: A$96.38M

Find detailed analytics on EGN stock on TipRanks’ Stock Analysis page.

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