abrdn Asia Focus plc Announces Holding Change
Why we think this is neutral
This RNS announcement is a notification of a change in major shareholding for abrdn Asia Focus plc. It does not contain any of the mandatory news types that would require a more detailed analysis, such as trading updates, financial results, or significant business events. As a result, the sentiment is assessed as neutral.
Key Points
- City of London Investment Management Company Limited has reduced its stake in abrdn Asia Focus plc from 20.94% to 19.24%
Summary
The investment management firm has disclosed a change in its shareholding in the investment trust.
abrdn Asia Focus plc has announced that City of London Investment Management Company Limited, a wholly owned subsidiary of City of London Investment Group plc, has reduced its stake in the company from 20.94% to 19.24%.
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