Mitsubishi UFJ Ends Substantial Holding in Southern Cross

Southern Cross Electrical Engineering Limited (AU:SXE) has released an update.

Mitsubishi UFJ Financial Group, Inc. has ceased to be a substantial holder in Southern Cross Electrical Engineering Limited, marked by a series of transactions involving the purchase and sale of the company’s fully paid ordinary shares. The transactions, which were carried out by entities controlled by Morgan Stanley and First Sentier Investors Holdings Pty Ltd, included significant sales and purchases of shares on various dates leading up to the formal notice of change in substantial holding.

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