Magnetar Financial LLC acquired a new stake in shares of Malacca Straits Acquisition Company Limited (OTCMKTS:MLACU – Free Report) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 1,900,000 shares of the company’s stock, valued at approximately $19,038,000.
A number of other institutional investors also recently added to or reduced their stakes in MLACU. Wealthspring Capital LLC purchased a new stake in Malacca Straits Acquisition in the fourth quarter valued at about $119,000. Tuttle Capital Management LLC purchased a new stake in Malacca Straits Acquisition in the fourth quarter valued at about $401,000. Deltec Asset Management LLC purchased a new stake in Malacca Straits Acquisition in the fourth quarter valued at about $502,000. Periscope Capital Inc. purchased a new stake in Malacca Straits Acquisition in the fourth quarter valued at about $1,003,000. Finally, Decagon Asset Management LLP purchased a new stake in Malacca Straits Acquisition in the fourth quarter valued at about $1,282,000.
Malacca Straits Acquisition Trading Up 0.1 %
Malacca Straits Acquisition stock opened at $10.21 on Thursday. The stock has a 50-day moving average of $10.14 and a two-hundred day moving average of $10.36. Malacca Straits Acquisition Company Limited has a one year low of $10.00 and a one year high of $10.21.
Malacca Straits Acquisition Profile
Malacca Straits Acquisition Company Limited does not have significant business. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the media, food processing, renewable energy, and healthcare industries.
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