Mitsubishi UFJ Gains Substantial Stake in Platinum Asset Management

Platinum Asset Management Ltd (AU:PTM) has released an update.

Platinum Asset Management Ltd has announced that Mitsubishi UFJ Financial Group, Inc. has become a substantial holder in the company as of August 27, 2024, with a significant voting power exceeding 20% in certain securities. This interest includes over 29 million fully paid ordinary shares, indicating a notable change in the company’s share ownership structure. The details of the registered holders and the nature of the relevant interests were also disclosed, reflecting Mitsubishi UFJ Financial Group’s influence in Platinum Asset Management’s financial dynamics.

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