SkyCity Entertainment Group (ASX:SKC, NZE:SKC) was informed by New Zealand Superannuation Fund Nominees as nominee for the New Zealand Superannuation Fund that the fund's stake in the firm fell to 4.211% as of Aug. 6 from 5.103% previously, thus ceasing its substantial holding status, according to a Monday Australian bourse filing.
The fund now holds 46.4 million ordinary shares of the firm.
Its shares fell over 1% in recent trading on the Australian bourse on Monday.
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.