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Keybridge Challenges Yowie Group’s Recent Corporate Actions

Story Highlights
  • Yowie Group is facing a legal challenge from Keybridge Capital over voting power dilution.
  • The application questions market efficiency and governance, seeking orders to address these issues.
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Keybridge Challenges Yowie Group’s Recent Corporate Actions

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Yowie Group ( (AU:YOW) ) has provided an announcement.

Yowie Group Ltd is currently involved in a legal matter as Keybridge Capital Limited has submitted an application to the Takeovers Panel concerning the affairs of Yowie. The application alleges that recent actions by Aurora Funds Management Limited, the responsible entity for HHY Fund, have diluted Keybridge’s and Wilson Asset Management Group’s voting power in Yowie, potentially impacting the control and influence over Yowie’s board and operations. The application seeks interim and final orders to address these concerns, highlighting issues related to market efficiency and corporate governance.

More about Yowie Group

YTD Price Performance: -44.00%

Technical Sentiment Signal: Sell

Current Market Cap: A$3.21M

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

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