Recent data from the Hong Kong Stock Exchange reveals a significant share purchase by a major financial institution. On July 17th, Morgan Stanley acquired an additional 469,947 shares of SHANGHAI FUDAN (HKEX: 01385). The transaction was executed at a price of HK$25.5954 per share, resulting in a total investment of approximately HK$12.03 million.
Following this acquisition, Morgan Stanley's total shareholding in the company has risen to roughly 17.48 million shares. This revised stake now represents 6.14% of the company's total issued shares.
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