New Hope Corporation Limited (AU:NHC) has released an update.
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JPMorgan Chase & Co. and its affiliates have become substantial shareholders of New Hope Corporation Limited, with a collective voting power of 5.07%. The financial conglomerate acquired various classes of ordinary shares through different entities, including securities on loan, investment management, and proprietary trading. This significant move by JPMorgan Chase demonstrates its strategic interest in New Hope Corp, reflecting a notable shift in the company’s shareholder composition.
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