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 4 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

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Victor Chng answered 4 years ago

Hi Teik Siang,

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