Shares of ZELAN BHD [] rose 9% in late afternoon trade on Wednesday, Aug 4 after US-based fund Grantham, Mayo, Van Otterloo & Co (GMO) emerged as a substantial shareholder with a 5.02% stake.
A company filing with Bursa Malaysia showed the global investment management firm had acquired 28.28 million shares as of Aug 2.
GMO is a private partnership and as at June 30, 2010, it managed more than US$94 billion in client assets, US$32 billion of which was in asset allocation strategies.
A company filing with Bursa Malaysia showed the global investment management firm had acquired 28.28 million shares as of Aug 2.
GMO is a private partnership and as at June 30, 2010, it managed more than US$94 billion in client assets, US$32 billion of which was in asset allocation strategies.
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