Wolverine Asset Management LLC purchased a new stake in shares of Malacca Straits Acquisition Company Limited (OTCMKTS:MLACU – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 575,000 shares of the company’s stock, valued at approximately $5,767,000.
Separately, Tuttle Capital Management LLC purchased a new position in Malacca Straits Acquisition during the 4th quarter valued at approximately $401,000.
Malacca Straits Acquisition Trading Up 0.3 %
Shares of Malacca Straits Acquisition stock opened at $10.19 on Friday. The stock has a 50 day moving average price of $10.07 and a 200-day moving average price of $10.41. Malacca Straits Acquisition Company Limited has a one year low of $10.00 and a one year high of $10.20.
About Malacca Straits Acquisition
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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