Amtek: Morgan Stanley the stabilising manager for the IPO, has bought another 320k shares. The latest announced purchases on Dec 17 in a series of stabilising actions saw Morgan Stanley purchasing the shares at $1.10 to $1.12 apiece. Amtek's shares closed trading 3c lower at $1.09 y’day….
A regulatory filing shows that as at Dec 16, Morgan Stanley has a substantial stake of 5.0% or about 27.28m shares in Amtek, comprising a direct stake of 3.5% and an indirect stake of 1.6%. Meanwhile, Capital Group, another substantial shareholder of Amtek, has raised its deemed stake to 6.3% from 5.5%...
This followed open-market purchases on Dec 17. Amtek is still trading at a P/E of 20.7x, closing at $1.09.
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