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Friday, February 22, 2013

City of London raises stake in iCapital


KUALA LUMPUR: City of London Investment Management Co Ltd has acquired additional shares in closed-end fund Bhd.
According to a filing with Bursa Malaysia, City of London acquired 325,000 shares in iCapital from the open market between Feb 14 and 18.
City of London now owns 8.12%, or 11.3 million shares in iCapital. The company is widely seen as a party aligned to Laxey Partners Ltd.

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