The Board of Automotive Solutions Group Limited (ASX: 4WD, “ASG” or the “Company”) has received a notice of substantial shareholding from AMA Group Limited (ASX: AMA). This notice was released to the ASX on 9 May 2017.
No other information or communication has been received from AMA Group Limited in relation to this purchase. AMA Group owns and operates a number of businesses in the automotive space.
Non-executive Director, Mr Bryce Wedemeyer said: “We see AMA’s purchase as a vote of confidence in the Company’s business and strategy, that a competitor who has an intimate knowledge of the industry has taken a substantial stake in ASG”.
Hmm. Let's see over the passage of time as they say. We are all still down a squillion in the meantime...
Gracie
4WD Price at posting:
39.0¢ Sentiment: None Disclosure: Held
