Mitsubishi UFJ Becomes Major PSC Insurance Stakeholder

PSC Insurance Group Ltd. (AU:PSI) has released an update.

Mitsubishi UFJ Financial Group, Inc. has become a substantial holder in PSC Insurance Group Ltd, acquiring a 5.23% voting power through 19,063,336 fully paid ordinary shares. The disclosure, dated 23 August 2024, follows the group’s recent acquisitions and includes various classes of shares amounting to significant voting interests in the company. This strategic move by Mitsubishi UFJ showcases its expanding influence and interest in the financial sector.

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