The Business Times

Morgan Stanley ceases to be substantial shareholder of Vertex Tech

Claudia Chong

Claudia Chong

Published Wed, Nov 30, 2022 · 07:37 PM
    • Morgan Stanley now has a deemed interest of 4.6 per cent in VTAC, down from a deemed interest of over 6 per cent, with 2.5 million shares.
    • Morgan Stanley now has a deemed interest of 4.6 per cent in VTAC, down from a deemed interest of over 6 per cent, with 2.5 million shares. PHOTO: BT FILE

    MORGAN Stanley has disposed of the 603,636 shares of Vertex Technology Acquisition Corp (VTAC) it picked up on Nov 23, and ceased to be a substantial shareholder of the special purpose acquisition company (SPAC).

    A bourse filing on Wednesday (Nov 30) showed that Morgan Stanley now has a deemed interest of 4.6 per cent in VTAC, down from a deemed interest of over 6 per cent, with 2.5 million shares.

    Morgan Stanley may, following the acquisition which was due to an “aggregation of global position”, exercise the right to “rehypothecate or dispose of” the shares.

    Units of VTAC closed unchanged at S$4.52 on Wednesday.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Vertex Technology Acquisition Corp (VTAC)

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More