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Mitsubishi UFJ Financial Group Ceases Substantial Holding in ADX Energy

Story Highlights
  • Mitsubishi UFJ Financial Group no longer holds a substantial stake in ADX Energy.
  • This change resulted from securities transactions by an entity controlled by Morgan Stanley.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Mitsubishi UFJ Financial Group Ceases Substantial Holding in ADX Energy

TipRanks Black Friday Sale

ADX Energy ( (AU:ADX) ) has provided an update.

Mitsubishi UFJ Financial Group, Inc. has ceased to be a substantial holder in ADX Energy Ltd, a company involved in the energy sector. This change is due to the sale of securities by an entity controlled by Morgan Stanley, which affected the voting rights and ownership of Mitsubishi UFJ Financial Group in ADX Energy. The transactions involved the sale and purchase of fully paid ordinary shares, impacting the company’s shareholder structure and potentially its market influence.

More about ADX Energy

Average Trading Volume: 1,283,949

Technical Sentiment Signal: Sell

Current Market Cap: A$16.94M

For detailed information about ADX stock, go to TipRanks’ Stock Analysis page.

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