Webcentral Ltd (AU:5GN) has released an update.
Webcentral Ltd has reported a significant shift in shareholding, with JD Management Group Pty Ltd and associated entities increasing their stake in 5G Networks Limited from 17.27% to 18.74%. This change follows a series of on-market purchases and a company buyback, indicating a growing interest from these substantial holders. The adjusted share distribution now gives them an even more influential position in the company’s voting power.
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