This is good. Now heavier involvement from Fund Manager(s) which...

This is good. Now heavier involvement from Fund Manager(s) which I believe is a voted of confidence in the long term prospects of this business.
From idea, to start up, to listing, to positive operating cashflow and eventually positive EPS (and growth).

Note all of these 'change in substantial holdings' coming through is really just the 1 shareholder but CBA, KKR, Mitsubishi UFG are all associated entities with First Sentier (Fund Manager) and hence the multiple disclosures coming through.

This is likely the result of CHL becoming operating cashflow positive over the last couple of quarters - and on the verge of P&L profitability (likely in the 24FY). Businesses like these are now 'investment grade' all fall into their investable universe for many of these portfolio managers.

It's interesting that they took a decent position just prior to the release of the Q3 results, and then continued buying.
I'd say it's either the team from:
First Sentier Developing Companies Fund or
First Seniter Australian Small Companies Fund
(or both) taking positions.

Still a long way to go but good to see others are seeing this story evolve.