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.