New Hope (ASX:NHC) said that Morgan Stanley and its units acquired a 5.35% stake in the firm as of March 19, according to a Monday Australian bourse filing.
Morgan Stanley and its units acquired 45.3 million ordinary shares of the firm, the filing showed.
New Hope's shares fell over 6% in recent trading on Monday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.