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New York-based investment banking group Morgan Stanley emerged as a substantial shareholder of property player Ecofirst Consolidated Bhd (KL:ECOFIRS) with 61.09 million shares or 5.17% equity interest.
Sometime big is cooking behind the scene, 5% is alot
Q2 results are out, Ecofirst achieves record revenue! This was due to higher revenue recognition from site work results at property development project KL48, the sale of a plot of land previously used for development in Shah Alam, and higher rental income from the property investment division
Another announcement coming along soon.
Acquisition of 16,000,000 shares on 20 January 2025 by Morgan Stanley Group. MUFG is deemed interested in the shares of the Company held by Morgan Stanley Group by virtue of MUFG's holding more than 20% interest in shares of Morgan Stanley Group.
