The disposal lowered CP Invest’s stake in iFast to 9.95% from 10.24% previously.
CP Invest, a subsidiary of Cuscaden Peak, has pared down its stake in iFast on two occasions. The disposals took place via market transactions.
According to a Feb 17 filing, CP Invest sold 872,700 shares in iFast, netting it some $6.84 million or $7.83 per share on Feb 13.
