Southern Cross Media Group Limited (AU:SXL) has released an update.
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Southern Cross Media Group Limited has seen a substantial change in shareholding by 19 Cashews Pty Ltd, with an increase in voting power from 12.78% to 14.42%. This change occurred through several market purchases by TIGA Trading Pty Ltd between June 3 and June 5, 2024, with a total expenditure of over $2.8 million for approximately 3.9 million ordinary shares. This shift indicates a growing confidence by the substantial holder in the media company’s stock.
For further insights into AU:SXL stock, check out TipRanks’ Stock Analysis page.
