Eroad Says Morgan Stanley Ceases to Be a Substantial Holder; Shares Rise 4%

MT Newswires Live

2025/06/04

Eroad (ASX:ERD, NZE:ERD) said Morgan Stanley and its affiliated entities ceased to be a substantial company holder on May 30, according to a Wednesday filing with the Australian and New Zealand bourses.

Morgan Stanley's holding was reduced to 2.144% from 5.026%, per the filing.

Shares of the company fell 1% in recent Wednesday trade in Australia and rose past 4% in New Zealand.

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