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

D. E. Shaw & Co. Inc. acquired a new position in Malacca Straits Acquisition Company Limited (OTCMKTS:MLACU) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 725,000 shares of the company’s stock, valued at approximately $7,272,000.

Several other hedge funds have also recently bought and sold shares of MLACU. Picton Mahoney Asset Management purchased a new stake in shares of Malacca Straits Acquisition during the 4th quarter worth about $2,508,000. ATW Spac Management LLC purchased a new stake in shares of Malacca Straits Acquisition during the 4th quarter worth about $1,179,000. Decagon Asset Management LLP purchased a new stake in shares of Malacca Straits Acquisition during the 4th quarter worth about $1,282,000. Mint Tower Capital Management B.V. purchased a new stake in shares of Malacca Straits Acquisition during the 4th quarter worth about $1,003,000. Finally, Rangeley Capital LLC purchased a new stake in shares of Malacca Straits Acquisition during the 4th quarter worth about $953,000.

Malacca Straits Acquisition Stock Up 2.0%

MLACU opened at $10.45 on Friday. Malacca Straits Acquisition Company Limited has a fifty-two week low of $10.00 and a fifty-two week high of $10.50. The business has a 50-day moving average of $10.26 and a 200-day moving average of $10.27.

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.