Mitsubishi UFJ Exits Orbital Corporation Stake

Orbital Corporation Limited (AU:OEC) has released an update.

Mitsubishi UFJ Financial Group, Inc. has ceased to be a substantial holder in Orbital Corporation Limited, as detailed in a recent Form 605 filing. The report outlines a series of transactions including sales and returns of securities managed by entities under First Sentier Investors Holdings Pty Ltd and Morgan Stanley, affecting millions of Orbital’s fully paid ordinary shares. The financial movements leading to this change in substantial holding status occurred between January and June 2024.

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