SiteMinder Limited (AU:SDR) has released an update.
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Morgan Stanley Australia, with Mitsubishi UFJ Financial Group (MUFG) holding a stake in its parent company, sold 5% of SiteMinder Limited’s issued capital through a block trade. The transaction led to a temporary increase in MUFG’s substantial holding in the company. Upon settlement of the trade, both Morgan Stanley and MUFG ceased to have a relevant interest in the shares sold.
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