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Fisher & Paykel Healthcare Corporation Limited ( (FSPKF) ) has issued an announcement.
Pinnacle Investment Management Group Limited has disclosed that it has become a substantial shareholder in Fisher & Paykel Healthcare, accumulating 29,649,653 ordinary shares, representing 5.0487% of the company’s quoted voting securities. The stake, held through Pinnacle’s role as responsible entity or trustee for various investment schemes and via affiliated investment managers, signals increased institutional interest in Fisher & Paykel Healthcare and may be seen as a vote of confidence in the company’s prospects, potentially enhancing liquidity in the stock and reinforcing its profile among Australian and New Zealand fund managers.
More about Fisher & Paykel Healthcare Corporation Limited
Fisher & Paykel Healthcare Corporation Limited is a New Zealand-based medical technology company that designs, manufactures and markets respiratory care, acute care and surgical products, with a strong focus on hospital and home-care respiratory therapies in global healthcare markets.
See more insights into FSPKF stock on TipRanks’ Stock Analysis page.