US-based Capital Group International Inc ups stake in Naim

KUCHING: US-based Capital Group International Inc has become a substantial shareholder of Naim Cendera Holdings Bhd following its acquisition of 2.445 million Naim shares on March 31.

In a filing with Bursa Malaysia, Naim said the shares now held by Capital Group, including the latest acquisition, totalled 14.636 million shares, or 5.85%.

“The Capital Group is the parent company of five companies that serve as investment managers to various institutional clients globally with 9,000 associates in 19 offices worldwide,” it said. – Bernama

(Taken from Starbiz)