Irredeemable Convertible Preference Shares (ICPS) | The Investment Quadrant by The Fifth Person

Questions › Category: Financials Quadrant › Irredeemable Convertible Preference Shares (ICPS)

Teik Siang Teoh asked 3 years ago

While going through the annual report (Fintec Global Berhad), I came across ICPS. I found that Fintec issued significant amount of ICPS during year.
How should we interpret them? Should we consider them as issuance of the ordinary shares?

1 Answers

0 Vote Up Vote Down

Victor Chng answered 3 years ago

Hi Teik Siang,

All this ICPS will eventually convert into ordinary shares, so take it as issuance of ordinary shares.