City of London move to be referred to the board

PETALING JAYA: iCapital.biz Bhd will be seeking the guidance of its board on a matter raised by one of its shareholders, City of London Investment Management (CLIM), which is opposing the reappointment of one of its directors.

“I need to discuss with the board of directors and see what they are going to say and get their permission,” iCapital founder Tan Teng Boo told StarBiz when asked to comment on CLIM’s letter last week.