Lincoln Minerals Limited (AU:LML) has released an update.
Lincoln Minerals Limited (LML) has announced a major transfer of shares, with its largest shareholder, BAI FU XIN INHERITANCE GROUP PTY LTD, transferring 409,195,644 shares to AIMEEZ PTY LTD, controlled by Ms Lixin Zhang, daughter of Mr James Zhang. The transfer, part of family estate planning, makes AIMEEZ PTY LTD a substantial shareholder with a 19.90% stake in the company. This move is expected to have implications for investors and the company’s governance structure.
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