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Hong Kong, Sydney, Singapore and Kuala Lumpur
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HISTORY
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MALAYSIAN
FUNDS
icapital.biz Berhad
GLOBAL
FUNDS
i Capital Global Fund
i Capital International Value Fund
i Capital China Fund
Why Invest
INDIVIDUALLY
MANAGED ACCOUNTS
Kuala Lumpur
Singapore
Sydney
Hong Kong
OUR FUND
MANAGERS
Our Fund Management team is headed by our renowned CEO Tan Teng Boo
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MATERIAL LITIGATION
icapital.biz Berhad ("ICAP" or the "Fund") KUALA LUMPUR HIGH COURT ORIGINATING SUMMON NO. WA-24NCC-581-10/2023
Further to the announcements dated 3 November 2023, 16 November 2023, 17 January 2024 and 4 March 2024 (“Announcements”), unless otherwise defined, the definitions and terms used as set out in the Announcements shall apply herein.
.....MoreMATERIAL LITIGATION
icapital.biz Berhad ("ICAP" or the "Fund") KUALA LUMPUR HIGH COURT ORIGINATING SUMMON NO. WA-24NCC-581-10/2023
The Board of Directors of the Fund wishes to announce that the Judge of the Kuala Lumpur High Court had dismissed Pop Investment Limited ("Plaintiff")’s suit on the Originating Summons No. WA-24NCC-581-10/2023 (“the OS”).
The Fund will make further announcement on the developments of the above matter as and when is necessary.
This announcement is dated 25 March 2024.
LessNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : OTHER ISSUE OF SECURITIES
ICAPITAL.BIZ BERHAD ("ICAP" OR THE "COMPANY") PROPOSED ESTABLISHMENT OF A DIVIDEND REINVESTMENT PLAN THAT PROVIDES THE SHAREHOLDERS OF ICAP WITH AN OPTION TO ELECT TO REINVEST THEIR CASH DIVIDENDS IN NEW ORDINARY SHARES IN ICAP ("PROPOSED DRP")
.....MoreNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : OTHER ISSUE OF SECURITIES
ICAPITAL.BIZ BERHAD ("ICAP" OR THE "COMPANY") PROPOSED ESTABLISHMENT OF A DIVIDEND REINVESTMENT PLAN THAT PROVIDES THE SHAREHOLDERS OF ICAP WITH AN OPTION TO ELECT TO REINVEST THEIR CASH DIVIDENDS IN NEW ORDINARY SHARES IN ICAP ("PROPOSED DRP")We refer to the Company’s announcement dated 2 October 2023 in relation to the Proposed DRP.
We also refer to the Company’s announcements dated 3 November 2023 and 16 November 2023 in relation to the originating summons and an ad interim injunction order to injunct the Company from complying with the 20% prescribed limit on foreign shareholding as announced by the Company on 8 September 2023, 15 September 2023 and 29 September 2023.
On behalf of the Board of Directors of ICAP (“Board”), RHB Investment Bank Berhad and Astramina Advisory Sdn Bhd wish to announce that, pending the resolution of the originating summons and dissolution of the ad interim injunction order, the Board has resolved that, in line with proceedings conducted at the Annual General Meeting on 4 November 2023, all shareholders of ICAP (including foreigners) are eligible to participate in the Proposed DRP.
This announcement is dated 29 November 2023.
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : OTHER ISSUE OF SECURITIES
ICAPITAL.BIZ BERHAD ("ICAP" OR THE "COMPANY") PROPOSED ESTABLISHMENT OF A DIVIDEND REINVESTMENT PLAN THAT PROVIDES THE SHAREHOLDERS OF ICAP WITH AN OPTION TO ELECT TO REINVEST THEIR CASH DIVIDENDS IN NEW ORDINARY SHARES IN ICAP ("PROPOSED DRP")NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : OTHER ISSUE OF SECURITIES
ICAPITAL.BIZ BERHAD ("ICAP" OR THE "COMPANY") PROPOSED ESTABLISHMENT OF A DIVIDEND REINVESTMENT PLAN THAT PROVIDES THE SHAREHOLDERS OF ICAP WITH AN OPTION TO ELECT TO REINVEST THEIR CASH DIVIDENDS IN NEW ORDINARY SHARES IN ICAP ("PROPOSED DRP")On behalf of the Board of Directors of ICAP, RHB Investment Bank Berhad and Astramina Advisory Sdn Bhd wish to announce that the Company proposes to establish a dividend reinvestment plan that provides its shareholders with an option to elect to reinvest their cash dividends declared by ICAP in new ordinary shares in ICAP.
Please refer to the attachment for the full text of the announcement in relation to the Proposed DRP.
This announcement is dated 2 October 2023.
Others
DIVIDEND POLICY OF ICAPITAL.BIZ BERHADOthers
DIVIDEND POLICY OF ICAPITAL.BIZ BERHADThe Board of Directors of icapital.biz Berhad (“Board”) wishes to announce that the Fund is introducing an innovative Dividend Policy based on the Fund’s Net Asset Value (NAV) and NAV-to-share price discount.
The Fund’s Dividend Policy, which aims to proactively narrow the gap between the Fund’s share price and NAV, is subject to market and economic conditions and the Fund’s value investing investment philosophy.
The design efforts for this innovative Dividend Policy were led by Mr Tan Teng Boo, Designated Person to the Fund Manager, Capital Dynamics Asset Management Sdn Bhd, in consultation with international finance experts.
The Dividend Policy is formulated as follows: an aggregate of (A) Base Rate of NAV plus (B) Top-Up Rate of NAV-to-Share Price discount (as defined) below :-
Others
Lodgement to Bursa Malaysia Depository on Foreign Ownership Limit Pursuant to the Securities Industry (Central Depositories) (Foreign Ownership) Regulations 1996 ("SICDA FOR") and Rules of Bursa Malaysia Depository ("BMD Rules") .....MoreOthers
Lodgement to Bursa Malaysia Depository on Foreign Ownership Limit Pursuant to the Securities Industry (Central Depositories) (Foreign Ownership) Regulations 1996 ("SICDA FOR") and Rules of Bursa Malaysia Depository ("BMD Rules")Reference made to the announcements dated 8 September 2023 and 15 September 2023
The Board wishes to further explain on the process of determining whether foreign shareholders are entitled to the rights and obligations attached to their shares based on the Last-In, First-Out (LIFO) method.
The LIFO method of determination principally looks at the time an acquisition of shares occurred, as they appear on the record of depositories, and concludes that acquisitions that occurred ‘last’ are the ‘first’ to exit out. Applied contextually, in the event the Company’s Prescribed Limit has been breached, acquisitions that had happened later in time than those acquisitions which had happened earlier in time, as they appear on the record of depositors, will be subject to a determination as provided under Regulation 6 of SICDA FOR.
This announcement is dated 29 September 2023.
Material Litigation
Court of Appeal Civil Appeal W-01(NCVC)(W)-10-01/2019 (Cindy Yeap’s Appeal) .....MoreMaterial Litigation
Court of Appeal Civil Appeal W-01(NCVC)(W)-10-01/2019 (Cindy Yeap’s Appeal)On 9 September 2016, Capital Dynamics Sdn Bhd, Capital Dynamics Asset Management Sdn Bhd and Tan Teng Boo (“Plaintiffs”) instituted legal proceedings against Cindy Yeap, a senior editor from The Edge, for authoring and publishing an article titled ‘icapital.biz largest shareholder says fund fees high, to vote down director reappointments’ on 14 September 2015, which contained multiple misleading, false and deceptive statements about the Plaintiffs.
The High Court ruled on 7 December 2018 that the said article is defamatory of the Plaintiffs (Civil Suit No. WA-23NCVC-46-09/2016). Cindy Yeap appealed against the decision on 28 December 2018.
Capital Dynamics is pleased to announce that the Honourable Court of Appeal of Malaysia (“Court of Appeal”) has concluded this matter in its favour (Court of Appeal Civil Appeal W-01(NCVC)(W)-10-01/2019).
On 11 May 2022, the Court of Appeal unanimously agreed with the High Court decision and held that the said article is defamatory of the Plaintiffs. The 3 Court of Appeal judges echoed the decision of the High Court in holding that all elements of defamation had been successfully proven by the Plaintiffs, and rejecting Cindy Yeap’s defences of justification, qualified privilege and reportage and/or Reynolds defence.
Further, they noted that the timing of the said article was very close to the Annual General Meeting of 19 September 2015 and hence could amount to incitement of the shareholders to remove the Plaintiffs from their respective positions. They concluded by saying that Cindy Yeap was irresponsible in her reporting which had the effect of lowering the Plaintiffs’ reputation with the public.
Covid-19 SOP
All Capital Dynamics offices are operating as usual in accordance with the requirements/standard operating procedures ("SOP") as prescribed by the relevant authorities in their respective countries......MoreCovid-19 SOP
All Capital Dynamics offices are operating as usual in accordance with the requirements/standard operating procedures ("SOP") as prescribed by the relevant authorities in their respective countries.Impersonation
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Dear clients, followers and friends,Our renowned fund manager Tan Teng Boo
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Tan Teng Boo on RTM (25 Sep 2016)
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