MC Mining Ltd ( (AU:MCM) ) has issued an update.
MC Mining Limited has announced a significant change in the interests of its substantial holder, Kinetic Development Group Limited (KDG). The voting power of KDG has increased from 13.04% to 27.60% following a US$20 million transaction that resulted in KDG acquiring an additional 95,758,190 voting shares. This change in voting power could potentially impact the company’s operations and influence its strategic direction, given KDG’s increased stake and influence in decision-making processes.
More about MC Mining Ltd
Average Trading Volume: 83,676
Technical Sentiment Signal: Buy
Current Market Cap: £33.67M
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