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The latest update is out from Metro Performance Glass Ltd ( (AU:MPP) ).
Metro Performance Glass has disclosed that its major shareholder, Amari Metals Australia Pty Ltd, has internally transferred its entire holding of 501,655,800 MPG shares to a newly established entity, Metro Glass Investment (MGI) Pty Ltd. Both Amari and MGI sit within the same wholly owned corporate group, meaning ultimate ownership of the stake in Metro Performance Glass remains unchanged, suggesting the transaction is a structural reorganisation rather than a change in control and is unlikely to alter governance or strategic direction in the near term.
More about Metro Performance Glass Ltd
Metro Performance Glass Limited is a glass manufacturer and processor operating in the building and construction sector, supplying glass products and related services to residential and commercial customers in New Zealand and Australia.
Average Trading Volume: 51,734
Technical Sentiment Signal: Sell
Current Market Cap: A$41.77M
See more data about MPP stock on TipRanks’ Stock Analysis page.