ABACUS STORAGE KING ( (AU:ASK) ) has provided an announcement.
Public Storage, through its subsidiary PS Apollo, LLC, has become a substantial holder in Abacus Storage King by acquiring a 59.47% voting power in the company. This acquisition is part of a joint acquisition deed with Ki Corporation Limited, indicating a strategic move to consolidate control and influence within the storage industry, potentially impacting stakeholders and market dynamics.
More about ABACUS STORAGE KING
Abacus Storage King, listed on the ASX under the ticker ASK, comprises Abacus Storage Operations Limited and Abacus Storage Property Trust. The company operates in the storage industry, focusing on providing storage solutions and managing storage properties.
YTD Price Performance: 3.11%
Average Trading Volume: 624,268
Technical Sentiment Signal: Buy
Current Market Cap: A$1.52B
For a thorough assessment of ASK stock, go to TipRanks’ Stock Analysis page.