Technology

Cayman-based fund chips off IMI stake near 30-month high

A major investor of has disposed a small chunk of its holdings in Integrated Micro-Electronics Inc. in the Ayala-controlled semiconductor arm.

A major investor of has disposed a small chunk of its holdings in Integrated Micro-Electronics Inc. in the Ayala-controlled semiconductor arm.

Motus Fund disclosed that it sold 1.036 million IMI shares at an average price of P14.4414, its hghest since August 2018.

The fund based in the Cayman Islands has a total of 110.559 million shares or 4.99 percent of IMI.

Motus Fund ihas $48.1 million in total assets managed by Toccata.

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