HMC Capital (ASX:HMC) received notice that Home Investment Consortium Trust (HICT) and its affiliated entities reduced their holdings in the company to 21.45% from 27.22% on May 22 via share transfer, according to a Monday filing with the Australian bourse.
HICT's unitholder, Spotlight Group, exchanged its 12% stake in HICT for 10.8 million HMC Capital shares held by the trust, the filing said.
HICT now owns 79.5 million shares in the company, the filing said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.