The group announced on Thursday, July 28, that it had acquired the entire issued and paid-up share capital comprising two shares for RM2 cash on July 27.
ICB said it believed that the acquisition would enable it to boost its revenue in the coming years.
Datuk Tan Say Jim is deemed to be interested in the transaction as he is the director and major shareholder of ICB and IRIS Land.
TOP PICKS BY EDGEPROP
2.5 Storey Bungalow House Kg Kubu Gajah
Sungai Buloh, Selangor
Petaling Jaya | New Invest Condo Beside University
Petaling Jaya, Selangor
Suria Residence Breezy Modern Condo facing Pool
Bukit Jelutong, Selangor
Single Storey Terrace House,Taman Selaseh Bt.Caves
Batu Caves , Selangor
Cyberjaya | Cash Back Up To 35K New Condo
Kota Damansara | Freehold Condo Walk To UNIVERISTY
Kota Damansara, Selangor
Invest Dual Key Unit GRR 9 years RM280k
(CMCO Offer) 5R6B Villa Style Super Link, Puchong
Cyberjaya DUAL KEY CONDO FREE FURNISHED+RENOVATED
NEW 1 Sty SEMI D Seksyen U14 Booking RM500 Only
Shah Alam, Selangor
Sunway @ New Dual Key Condo Walk To University
Bandar Sunway, Selangor