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Mighty Kingdom Ltd’s Substantial Holder Reduces Voting Power

Story Highlights
  • Mighty Kingdom Ltd’s substantial holder’s voting power decreased from 13.69% to 0.17%.
  • Imagination Entertainment’s share transactions led to a strategic adjustment in shareholding.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Mighty Kingdom Ltd’s Substantial Holder Reduces Voting Power

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Mighty Kingdom Ltd ( (AU:MKL) ) has issued an update.

Mighty Kingdom Ltd has experienced a significant change in the interests of its substantial holder, Gamestar Studios Pty Ltd, Yeend Superannuation Pty Ltd, Imagination Entertainment Pty Ltd, and Shane Yeend’s other controlled entities. The voting power of these entities has decreased from 13.69% to 0.17% due to a series of on-market purchases and sales of shares by Imagination Entertainment Pty Ltd. This change in voting power reflects a strategic adjustment in the shareholding structure, which could impact the company’s governance and decision-making processes.

More about Mighty Kingdom Ltd

Technical Sentiment Signal: Buy

Current Market Cap: A$1.93M

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

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