ADX Energy (AU:ADX) has released an update.
Morgan Stanley, through various subsidiaries, has become a substantial holder in ADX Energy Ltd, now wielding a 5.50% voting power with 31,230,240 ordinary shares. The financial giant reached this position on May 28, 2024, and made significant purchases leading up to this date, including a large institutional placement. This strategic move by Morgan Stanley could signal a growing interest in ADX Energy’s market potential.
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