Morgan Stanley Acquires 5% Stake in Genex Power

Genex Power Ltd. (AU:GNX) has released an update.

Morgan Stanley has become a substantial holder in Genex Power Limited, acquiring a 5.07% stake with 70,297,457 ordinary shares. The financial giant achieved this position on June 6, 2024, and transactions leading up to this included both cash purchases and securities received as collateral. This move could signal confidence in Genex Power’s market position, potentially impacting the company’s stock performance.

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