Investment Firm Reduces Stake in Move Logistics Group

Move Logistics Group Limited (AU:MOV) has released an update.

Colonial First State Investments Limited has disclosed ceasing to be a substantial holder in Move Logistics Group Limited, reducing its shareholding from 5.182% to below the substantial holding threshold of 5%. This change follows a series of transactions including both purchases and sales of ordinary shares, with the most recent sales occurring in July 2024. The announcement indicates a notable shift in the investment landscape for Move Logistics Group, potentially impacting investor decisions.

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