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Telstra Super Reduces Stake in MaxiPARTS Limited

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Telstra Super Reduces Stake in MaxiPARTS Limited

MaxiPARTS Limited ( (AU:MXI) ) has shared an update.

Telstra Super Pty Ltd, acting as Trustee for the Telstra Superannuation Scheme, has reduced its substantial holding in MaxiPARTS Limited, decreasing its voting power from 7.71% to 6.62%. This change in shareholding may affect MaxiPARTS’ shareholder dynamics and could have implications for its governance and future strategic decisions.

More about MaxiPARTS Limited

MaxiPARTS Limited operates in the automotive industry, primarily focusing on the distribution of truck and trailer parts. The company serves various market segments, including transport and logistics businesses, offering a range of products essential for vehicle maintenance and operation.

YTD Price Performance: 1.60%

Average Trading Volume: 21,090

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$105.7M

See more insights into MXI stock on TipRanks’ Stock Analysis page.

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