That should be the new name for Icapital.Biz Bhd, the fund manager company, which told Bursa Malaysia today that it's holding about RM299 million in cash.
Revenue for the first quarter was under RM5 million, while pre tax profit came in below RM2.5 million.
There has been a lot of pressure for Icapital to use the money to invest in the market. The management has been reluctant thus far.
Fair ENOUGH, but please don't give us SHIT explaination like BELOW, to justify your POINT of View.
How Your share price performs is NOT an Indicator that YOUR call to hold on to the CASH is correct, it could well be as THE MARKET knows, the FUND managers from London buying up ICapital shares, so that they can eventually close down Icapital.Biz
