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An update from Keybridge Capital Limited ( (AU:KBC) ) is now available.
Keybridge Capital Limited has advised its shareholders to take no action regarding an off-market takeover bid announced by its subsidiary, Yowie Group Ltd. The company has expressed concerns over Yowie’s corporate governance and the use of shareholder funds, labeling the bid as disingenuous and disadvantageous to Keybridge shareholders. Keybridge is actively seeking to replace Yowie’s directors and secure operational control, despite Yowie’s resistance and procedural breaches.
More about Keybridge Capital Limited
Keybridge Capital Limited (ASX: KBC) is an investment and financial services group with a diversified portfolio that includes listed and unlisted investments and loan assets. Their focus spans across sectors such as life insurance in New Zealand, property, and funds management. Keybridge holds substantial investments in companies like Yowie Group Ltd, Benjamin Hornigold Ltd, HHY Fund, Molopo Energy Limited, and RNY Property Trust.
Technical Sentiment Signal: Sell
Current Market Cap: A$9.72M
For detailed information about KBC stock, go to TipRanks’ Stock Analysis page.