Icon IPO timing was not right, the IPO price 2.5 years ago was RM1.80. Since it was IPO the crude oil went down, so it's share price also down. Now crude oil is recovering, so I believe this stock will eventually move up
PETALING JAYA: Enra Group Bhd’s unit has entered into a shareholder’s agreement to jointly set up a company and provide low-cost solutions to the upstream oil and gas (O&G) industry within and outside Malaysia.
In a filing with Bursa Malaysia yesterday, Enra said that its indirect wholly-owned subsidiary Enra Oil & Gas Services Sdn Bhd and ICON Oilfield Solutions Sdn Bhd, a wholly-owned subsidiary of ICON Engineering Pty Ltd of Australia, had entered into a shareholders’ agreement to set up a joint venture (JV) company to provide the O&G solutions.
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mafia168
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Posted by mafia168 > 2016-12-23 19:09 | Report Abuse
Positive news for icon
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5298637