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Zicom Group’s Substantial Holder Increases Voting Power

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Zicom Group’s Substantial Holder Increases Voting Power

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Zicom Group Limited ( (AU:ZGL) ) has issued an update.

Zicom Group Limited has experienced a change in the interests of a substantial holder, Giok Lak Sim, whose voting power in the company has increased from 49.64% to 50.42%. This change in voting power was due to on-market transactions conducted by Giok Lak Sim and Siew Lai Chan, involving a total consideration of A$27,770.99 for 397,025 shares. The increase in voting power signifies a strengthened position for Giok Lak Sim within the company, potentially impacting the company’s decision-making processes and strategic direction.

More about Zicom Group Limited

YTD Price Performance: 16.67%

Average Trading Volume: 87,534

Technical Sentiment Signal: Sell

Current Market Cap: A$15.02M

For a thorough assessment of ZGL stock, go to TipRanks’ Stock Analysis page.

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