Altium (AU:ALU) has released an update.
Altium Limited has announced that Mitsubishi UFJ Financial Group, Inc. has become a substantial holder in the company, with a 5.08% voting power through ownership of over 6.7 million fully paid ordinary shares. Mitsubishi UFJ Financial Group’s relevant interest arises from its voting power in several entities such as First Sentier Investors Holdings Pty Limited and Morgan Stanley, due to their respective holdings in Altium. The news indicates a significant investment by a major financial institution, which could be of interest to current and potential investors.
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