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Flexiroam Ltd ( (AU:FRX) ) has provided an announcement.
Flexiroam Ltd’s substantial shareholder, Mr. Kenn Tat “Jefrey” Ong, has significantly increased his voting power in the company from 7.44% to 19.66%. This change was primarily due to a take-up of entitlements and partial underwriting of the offer, indicating a strategic consolidation of shares. This increase in voting power may impact the company’s governance and decision-making processes, potentially influencing its strategic direction and further market positioning.
More about Flexiroam Ltd
Average Trading Volume: 486,610
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$7.86M
See more insights into FRX stock on TipRanks’ Stock Analysis page.