AMCIL is raising as much as $10 million from investors to tap upcoming initial public offerings and boost the listed investment company's holdings amid some of the most volatile investment markets on record.
AMCIL, which has a market valuation of $209 million, is asking investors for $7 million to $10 million through a share purchase plan that closes on February 5.
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Ruth Liew writes on business specialising in Insurance, wealth management and financial services. Ruth is based in our Sydney newsroom. Connect with Ruth on Twitter.
