Westgold Resources Gains New Major Investor

Westgold Resources (AU:WGX) has released an update.

Westgold Resources Limited has announced a new substantial holder, State Street Corporation and its subsidiaries, which collectively now exercise significant influence over the company. They command a total of 28,500,967 votes across various classes of ordinary shares, indicating a strong financial interest and potential sway in company decisions. This development could be a strategic move for both Westgold and the investment entities involved, marking a notable change in the company’s shareholder landscape.

For further insights into AU:WGX stock, check out TipRanks’ Stock Analysis page.