tiprankstipranks
Trending News
More News >

Mitsubishi UFJ Financial Group Ceases Substantial Holding in Develop Global Limited

Story Highlights
  • Mitsubishi UFJ Financial Group no longer holds a substantial stake in Develop Global.
  • Morgan Stanley’s entity purchased shares, altering Develop Global’s shareholder structure.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Mitsubishi UFJ Financial Group Ceases Substantial Holding in Develop Global Limited

Don’t Miss TipRanks’ Half-Year Sale

The latest announcement is out from Develop Global Limited ( (AU:DVP) ).

Develop Global Limited has announced that Mitsubishi UFJ Financial Group, Inc. has ceased to be a substantial holder in the company. This change in substantial holding is due to the purchase of securities by an entity controlled by Morgan Stanley, affecting a significant number of fully paid ordinary shares. The implications of this change could impact the company’s shareholder structure and market perception.

The most recent analyst rating on (AU:DVP) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on Develop Global Limited stock, see the AU:DVP Stock Forecast page.

More about Develop Global Limited

Average Trading Volume: 1,453,364

Technical Sentiment Signal: Buy

Current Market Cap: A$1.47B

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

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1