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Rey Resources Ltd ( (AU:REY) ) has issued an update.
Rey Resources Limited has announced a significant change in the voting power of its substantial holder, Vigorous Resources Pty Ltd. Vigorous Resources has increased its voting power from 53.047% to 71.722% through an off-market takeover, acquiring additional ordinary shares. This increase in voting power strengthens Vigorous Resources’ influence over Rey Resources, potentially impacting the company’s strategic decisions and stakeholder interests.
More about Rey Resources Ltd
Average Trading Volume: 86,734
Technical Sentiment Signal: Sell
Current Market Cap: A$6.35M
Learn more about REY stock on TipRanks’ Stock Analysis page.