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NAOS Boosts Stake in Move Logistics Group

NAOS Boosts Stake in Move Logistics Group

Move Logistics Group Limited (AU:MOV) has released an update.

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NAOS Asset Management Limited, along with associated entities, has increased its stake in Move Logistics Group Limited, now holding 19.07% of the company’s ordinary shares after on-market acquisitions. These transactions, involving the purchase of 1,797,847 shares for a total of $466,980.78 AUD, have significantly raised NAOS’s interest from the previous 17.66% holding. JP Morgan Nominees Australia Limited is the registered holder of these shares, with NAOS acting as the investment manager.

For further insights into AU:MOV stock, check out TipRanks’ Stock Analysis page.

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