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ARB Corporation Limited ( (AU:ARB) ) just unveiled an announcement.
ARB Corporation Limited has announced a significant change in its shareholding structure, with Mitsubishi UFJ Financial Group Inc. (MUFG) now holding a substantial interest through its subsidiary, First Sentier Investors Holdings Pty Limited. This development indicates MUFG’s increased influence over ARB Corporation, as it now holds voting power over a significant number of shares. This change in ownership could have implications for ARB Corporation’s strategic direction and market positioning, potentially affecting stakeholders and the company’s future operations.
More about ARB Corporation Limited
YTD Price Performance: -3.08%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.99B
See more data about ARB stock on TipRanks’ Stock Analysis page.