Karoon Energy Ltd (AU:KAR) has released an update.
Mitsubishi UFJ Financial Group, Inc. has emerged as a substantial holder in Karoon Energy Ltd, with a 5.03% voting power equivalent to 40,007,540 fully paid ordinary shares. This position is a result of Mitsubishi UFJ’s significant voting power in Morgan Stanley and full control over First Sentier Investors Holdings Pty Limited. The news highlights Mitsubishi UFJ Financial Group’s expanding influence in the financial portfolio of Karoon Energy Ltd.
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