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Vigorous Resources Increases Stake in Rey Resources Ltd

Story Highlights
  • Vigorous Resources Pty Ltd has increased its voting power in Rey Resources Ltd from 42.118% to 53.047%.
  • The change in ownership could impact Rey Resources’ strategic direction and stakeholder interests.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Vigorous Resources Increases Stake in Rey Resources Ltd

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Rey Resources Ltd ( (AU:REY) ) has issued an announcement.

Rey Resources Ltd has announced a significant change in the ownership interests of its substantial holder, Vigorous Resources Pty Ltd. Vigorous has increased its voting power from 42.118% to 53.047% through an off-market takeover involving 23,121,489 ordinary shares. This change in ownership could potentially impact Rey Resources’ strategic direction and decision-making processes, as Vigorous now holds a majority stake, which may influence future company policies and stakeholder interests.

More about Rey Resources Ltd

Average Trading Volume: 90,498

Technical Sentiment Signal: Sell

Current Market Cap: A$6.35M

See more data about REY stock on TipRanks’ Stock Analysis page.

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