SLX starts sellng IQE shares

An interesting note from pg 6 of the half yearly report:

"Between 31 December 2020 and the date of this report, the IQE Plc share price (AIM: IQE) has increased. The increase in the IQE share price, combined with movements in exchange rates, has resulted in a gain of approximately $0.4m in the value of the shares held at 31 December 2020. The Company has also sold approximately 30% of its shares in IQE since 31 December 2020, with net proceeds of approximately $3.9m (US$3.0m) received. Gains or losses arising from changes in the fair value of shares are classified as Financial assets at fair value through other comprehensive income and realisation from the sale of shares are recognised in other comprehensive income. The financial effects of the movements in fair value since 31 December 2020 and the disposal of the shares will be recognised in the financial statements for the year ending 30 June 2021".

It would appear that the company sees a need for cash now that they have assumed control of GLE - I wonder if we are going to see further sell down as fund for GLE are needed?