JPMorgan Chase Acquires Major Stake in Adherium

Adherium Ltd. (AU:ADR) has released an update.

JPMorgan Chase & Co. and its affiliates have become substantial shareholders in Adherium Ltd., acquiring a 12.77% stake with 49,817,690 ordinary shares. This significant financial move was executed through J.P. Morgan Securities Australia Limited, which handled the purchase and sales of these securities primarily for proprietary trading.

For further insights into AU:ADR stock, check out TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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