325,000 Shares in Malacca Straits Acquisition Company Limited (OTCMKTS:MLACU) Acquired by DLD Asset Management LP

DLD Asset Management LP acquired a new stake in Malacca Straits Acquisition Company Limited (OTCMKTS:MLACU) during the fourth quarter, Holdings Channel.com reports. The fund acquired 325,000 shares of the company’s stock, valued at approximately $3,260,000. Malacca Straits Acquisition makes up approximately 0.4% of DLD Asset Management LP’s holdings, making the stock its 28th biggest position.

Other hedge funds have also added to or reduced their stakes in the company. Tuttle Capital Management LLC purchased a new stake in shares of Malacca Straits Acquisition during the 4th quarter valued at $401,000. Deltec Asset Management LLC bought a new position in Malacca Straits Acquisition in the 4th quarter worth about $502,000. Wolverine Asset Management LLC purchased a new position in Malacca Straits Acquisition during the fourth quarter valued at approximately $5,767,000. Wealthspring Capital LLC bought a new position in shares of Malacca Straits Acquisition in the fourth quarter worth $119,000. Finally, Schechter Investment Advisors LLC bought a new position in Malacca Straits Acquisition in the 4th quarter worth about $1,543,000.

Malacca Straits Acquisition Trading Down 1.1 %

MLACU opened at $10.21 on Wednesday. Malacca Straits Acquisition Company Limited has a 12-month low of $10.00 and a 12-month high of $10.32. The stock has a 50-day moving average price of $10.17 and a 200-day moving average price of $10.34.

Malacca Straits Acquisition Company 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.