West African Resources Ltd (AU:WAF) has released an update.
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Morgan Stanley and its subsidiaries have become substantial shareholders in West African Resources Limited, acquiring a 6.51% voting power through 74,087,421 ordinary shares. This significant investment was acknowledged by Morgan Stanley on August 28, 2024, after purchases were made in various transactions leading up to their substantial holder status. The shares are held through various entities within the Morgan Stanley group, with most registered under HSBC Custody Nominees (Australia) Limited.
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