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HMC Capital Says State Street Becomes Substantial Holder; Shares Fall 3%

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HMC Capital (ASX:HMC) said State Street and its units acquired a voting power of 5.18% in the firm as of Monday, becoming a substantial holder, according to a Wednesday Australian bourse filing.

State Street holds 21.4 million ordinary securities of the firm.

Its shares fell 3% in recent trading on Wednesday.

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