Soco Corporation Ltd (AU:SOC) has released an update.
Soco Corporation Ltd experienced a dilution in voting power following the issuance of new shares to support the acquisition of Axsym Technology Pty Ltd. Substantial holders, including Castelfrentano Pty Ltd and 2Life Super Pty Ltd, saw their voting power decrease due to the additional shares. No consideration was given for this change, which was part of the strategic acquisition announced to the ASX.
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