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Morgan Stanley Private Equity Asia cements Taiwan deal

Morgan Stanley Private Equity Asia makes first investment in Taiwan spending around NT$2.05 billion ($64 million) to acquire 19.9% stake in the country's leading engineering, procurement and construction company.
A shaky Taiwan stock market over the course of the last few trading sessions was perhaps a blessing in disguise for Morgan Stanley which announced on May 25 that it had acquired 19.9% stake in CTCI Corporation, TaiwanÆs leading engineering, procurement and construction firm. CTCI is a publicly quoted company and Morgan Stanley acquired the shares in several trading sessions on the floor of the exchange. The firm did not disclose the consideration.

Morgan Stanley acquired 117.256 million shares. CTCI opened todayÆs trading on the Taiwan Stock Exchange at NT$16.80 and went up to NT$17.55 during the course of the dayÆs trading. It has traded in the range of NT$17-18 over the...
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