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Benny Khoo
's comment on
ICAP
.
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Benny Khoo
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Total Costs Awarded RM80,000.00 against ICAP, the Court ordered ICAP to pay legal costs to the opposing party
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4 months
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Benny Khoo
20% Foreign Limit Declared Invalid (Non-compliant with Companies Act)
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Paul Paul
so what is the impact to Icap?
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Benny Khoo
Current Assets based on 30/11/2025 were 82,256 thousand. Legal costs are about RM 80,000 at -1.3% dent to current assets.
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Benny Khoo
Okay, the figures were reported in thousands, which translates to an RM 80k legal fine.
I am no lawyer
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Paul Paul
penalty is small, we should look at the implication of this
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Paul Paul
the value gain of Aax and CapitalA is gone with the wind after the war of Iraq erupted
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