First AU Ltd. (AU:FAU) has released an update.
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First AU Ltd. has experienced a reduction in voting power for its substantial holder, 7 Enterprises Pty Ltd, due to recent share placements leading to dilution. Although the number of shares held remains at 165 million, the voting power decreased from 9.93% to 7.96%. This change reflects the impact of newly issued shares, which could influence investor decisions in the financial market.
For further insights into AU:FAU stock, check out TipRanks’ Stock Analysis page.