Namoi Cotton Ltd (AU:NAM) has released an update.
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Louis Dreyfus Company Melbourne Holdings Pty Ltd, part of the LDC Group, has increased its stake in Namoi Cotton Limited to 88.61% through the acquisition of additional shares, including a significant purchase on October 9, 2024. This change in substantial holding reflects a strategic move by LDC, impacting the cotton company’s share distribution and possibly its future direction.
For further insights into AU:NAM stock, check out TipRanks’ Stock Analysis page.