D. E. Shaw & Co. Inc. Buys Shares of 725,000 Malacca Straits Acquisition Company Limited (OTCMKTS:MLACU)

D. E. Shaw & Co. Inc. bought a new stake in Malacca Straits Acquisition Company Limited (OTCMKTS:MLACU) during the fourth quarter, Holdings Channel.com reports. The fund bought 725,000 shares of the company’s stock, valued at approximately $7,272,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealthspring Capital LLC acquired a new stake in Malacca Straits Acquisition in the 4th quarter valued at $119,000. Harraden Circle Investments LLC acquired a new stake in Malacca Straits Acquisition in the 4th quarter valued at $175,000. Deltec Asset Management LLC acquired a new stake in Malacca Straits Acquisition in the 4th quarter valued at $502,000. Rangeley Capital LLC acquired a new stake in Malacca Straits Acquisition in the 4th quarter valued at $953,000. Finally, Mint Tower Capital Management B.V. acquired a new stake in Malacca Straits Acquisition in the 4th quarter valued at $1,003,000.

Malacca Straits Acquisition Stock Up 2.0%

Shares of MLACU stock opened at $10.45 on Friday. The stock’s fifty day simple moving average is $10.26 and its 200 day simple moving average is $10.27. Malacca Straits Acquisition Company Limited has a one year low of $10.00 and a one year high of $10.50.

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.