JPMorgan Chase & Co. Ceases to be Substantial Holder in New Hope Corp

Story Highlights
  • JPMorgan Chase & Co. and affiliates no longer hold a substantial stake in New Hope Corp.
  • The change involves securities lending and trading, impacting New Hope’s shareholder structure.
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JPMorgan Chase & Co. Ceases to be Substantial Holder in New Hope Corp

New Hope Corporation Limited ( (AU:NHC) ) has provided an announcement.

New Hope Corporation Limited has announced that JPMorgan Chase & Co. and its affiliates have ceased to be substantial holders in the company as of March 21, 2025. This change involves various transactions related to securities lending and proprietary trading by JPMorgan’s subsidiaries, impacting the company’s shareholder structure and potentially affecting its market dynamics.

More about New Hope Corporation Limited

YTD Price Performance: -14.53%

Average Trading Volume: 1,694

Technical Sentiment Signal: Hold

Current Market Cap: $2.09B

See more insights into NHC stock on TipRanks’ Stock Analysis page.

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