Mitsubishi UFJ Financial Group Becomes Substantial Holder in Karoon Energy Ltd

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Mitsubishi UFJ Financial Group Becomes Substantial Holder in Karoon Energy Ltd

Karoon Energy Ltd ( (AU:KAR) ) has shared an update.

Karoon Energy Ltd has announced that Mitsubishi UFJ Financial Group, Inc. has become a substantial holder in the company, with a voting power of 6.70% through its relevant interest in fully paid ordinary shares. This development signifies a notable shift in the ownership structure of Karoon Energy Ltd, potentially impacting its strategic decisions and stakeholder dynamics.

More about Karoon Energy Ltd

YTD Price Performance: 13.86%

Average Trading Volume: 4,446

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $776.9M

Find detailed analytics on KAR stock on TipRanks’ Stock Analysis page.

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