West African Resources Ltd (AU:WAF) has released an update.
West African Resources Ltd has announced that First Sentier Investors and its ultimate parent company, Mitsubishi UFJ Financial Group, have become substantial shareholders as of August 23, 2024. The two entities now control a significant portion of voting power in the company, with a combined total of over 67 million fully paid ordinary shares. This financial maneuver indicates a strategic investment by the prominent investment manager and its parent conglomerate in the West African mining company.
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