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Austal Limited ( (AU:ASB) ) has shared an update.
Hanwha, through its subsidiary HAA No.1 Pty Ltd, has acquired a 9.9% stake in Austal Limited, a company known for its shipbuilding and defense contracting services. This acquisition was made through purchase trades from various sellers. Additionally, Hanwha has an economic interest in Austal via a cash-settled total return swap and an equity collar transaction, both referencing 9.9% of Austal’s ordinary shares. These financial instruments do not grant Hanwha any rights to physical shares or other rights in Austal.
More about Austal Limited
YTD Price Performance: 34.61%
Average Trading Volume: 5,765
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $896.6M
See more insights into ASB stock on TipRanks’ Stock Analysis page.
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