City of London ups stake in iCapital.biz to 13.49%

PETALING JAYA: City of London Investment Management Co Ltd has upped its stake in iCapital.biz to 13.49% after having acquired 231,000 shares in the latter last week. City of London is the single largest shareowner in Malaysia’s only listed closed-end fund.

City of London has been a shareowner of iCapital.biz for years, and has been steadily increasing its stake bit by bit over the years.