tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Vigorous Resources Increases Stake in Rey Resources

Story Highlights
  • Vigorous Resources has increased its voting power in Rey Resources from 53.047% to 71.722%.
  • This increase strengthens Vigorous Resources’ influence over Rey Resources, impacting strategic decisions.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Vigorous Resources Increases Stake in Rey Resources

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

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.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1