Global asset manager, M&G Investments, has emerged as a substantial shareholder of NetLink NBN Trust (SGX:CJLU
) .
In the filing on June 8, the asset manager has purchased 8,199,800 units for a total consideration of $8,281,798, excluding brokerage and stamp duties. This translates to an average price of $1.01.
This brings its stake in NetLink NBN Trust from the previous 4.92% to 5.14%.
Units in NetLink NBN Trust closed unchanged 98.5 cents on June 8.
