SKYCITY Entertainment Group Limited (SKYZF) has released an update.
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Sumitomo Mitsui Trust Holdings, Inc., along with its subsidiaries, has ceased to have a substantial holding in SKYCITY Entertainment Group, reducing their stake from 9.33% to a mere 0.59%. This significant change came after SMTH’s shareholding in Yarra Capital Management dropped below the 20% threshold due to a management incentive scheme, leading to a reassessment of their combined holdings.
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