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Nine Entertainment Co. Holdings Limited ( (AU:NEC) ) has provided an announcement.
Nine Entertainment Co. Holdings Limited announced a change in the structure of its equity holdings with the WIN Group, which maintains an economic interest of 25.22% and voting power of 19.98% in Nine. The WIN Group, through Birketu Pty Ltd, has unwound its Physical Swap, acquiring direct ownership of 80.6 million Nine shares. This strategic move does not alter the overall economic interest or voting power of the WIN Group but shifts the nature of their holdings, potentially impacting their influence and strategy within Nine Entertainment.
The most recent analyst rating on (AU:NEC) stock is a Buy with a A$2.30 price target. To see the full list of analyst forecasts on Nine Entertainment Co. Holdings Limited stock, see the AU:NEC Stock Forecast page.
More about Nine Entertainment Co. Holdings Limited
Nine Entertainment Co. Holdings Limited is a prominent player in the media and entertainment industry, offering a diverse range of services including television broadcasting, digital media, and content production. The company is known for its strong market presence in Australia, providing entertainment and news content across various platforms.
Average Trading Volume: 8,278,701
Technical Sentiment Signal: Buy
Current Market Cap: A$2.42B
Learn more about NEC stock on TipRanks’ Stock Analysis page.