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Rey Resources Ltd ( (AU:REY) ) has issued an announcement.
Rey Resources Ltd has announced a significant change in the ownership interests of its substantial holder, Vigorous Resources Pty Ltd. Vigorous has increased its voting power from 42.118% to 53.047% through an off-market takeover involving 23,121,489 ordinary shares. This change in ownership could potentially impact Rey Resources’ strategic direction and decision-making processes, as Vigorous now holds a majority stake, which may influence future company policies and stakeholder interests.
More about Rey Resources Ltd
Average Trading Volume: 90,498
Technical Sentiment Signal: Sell
Current Market Cap: A$6.35M
See more data about REY stock on TipRanks’ Stock Analysis page.