Mitsubishi UFJ Financial Group Gains Substantial Holding in Karoon Energy

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Mitsubishi UFJ Financial Group Gains Substantial Holding in Karoon Energy

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

Mitsubishi UFJ Financial Group, Inc. has become a substantial holder in Karoon Energy Ltd, acquiring a significant voting power through its relevant interest in securities held by Morgan Stanley and First Sentier Investors Holdings Pty Limited. This acquisition grants Mitsubishi UFJ Financial Group a 5.30% voting power in Karoon Energy, indicating a strategic move that could influence the company’s future decisions and market positioning.

More about Karoon Energy Ltd

YTD Price Performance: 15.20%

Average Trading Volume: 4,221

Technical Sentiment Signal: Buy

Current Market Cap: $784.3M

See more data about KAR stock on TipRanks’ Stock Analysis page.

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