RESEND Australian funds were biggest sellers of MightyRiverPower

Wed, 17 Jul 2013

(Fixes garble in 10th paragraph reference to dividend yield) July 17 (BusinessDesk) – Australian funds were among the biggest sellers of MightyRiverPower as its shares sank to a post-float low last month, though the exit may been more to do with a slump in their home market than a change of sentiment on the power company. Market data for the top 100 shareholders in MRP between May 24 and June 21 shows the largest reduction was by HSBC Custody Nominees (Australia), which reduced its holding by 6.1 million shares, or 55 percent, to 4.99 million...

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