AT FIRST GLANCE, TODAY'S LISTING OF ICAPITAL.BIZ BHD ON THE MAIN BOARD OF BURSA MALAYSIA WOULD APPEAR TO BE LIKE ANY OTHER LISTING. A CLOSER LOOK WILL, HOWEVER, SHOW THAT IT IS A CRUSADING IPO OF SORTS. WHAT IS STAKE IN THIS INITIAL PUBLIC OFFERING IS THE LONG-TERM INTERESTS OF THE NATION AND THE SHAREHOLDERS.

A VERY GOOD MORNING. IT IS MY GREAT PLEASURE TO BE WITH YOU ALL TODAY FOR THE LISTING OF ICAPITAL.BIZ BERHAD. I SINCERELY THANK EVERYONE FOR HIS OR HER PRESENCE.

YBHG DATO RAJA NONG CHIK BIN RAJA ZAINAL ABIDIN, MR MICHAEL WONG,MR YEOH AH TU,THE DIRECTORS OF ICAPITAL.BIZ BHD, MR TAN TENG BOO, DESINGATED PERSON FOR ICAPITAL.BIZ BHD, REPRESENTATIVES FROM K & N KENANGA, DEUTSCHE BANK, PFA, HOWATH, LADIES & GENTLEMEN, AND MOST CERTAINLY, MEMBERS OF THE MEDIA.

TODAY'S SUCCESFUL LISTING IS THE CULMINATION OF 3 YEARS OF HARD WORK BY MR TAN TENG BOO AND HIS TEAM. THEY ARE A SELECT CORPS OF PROFESSIONALS, DEDICATED TO PRESERVING THE INTEGRITY OF MALAYSIA'S SECURITIES MARKETS AND RESTORING INVESTORS' CONFIDENCE.

NOBLE AIMS DO NOT MAKE EASY JOURNEYS. LET ME EXPLAIN.

FIRST, CLOSED-END FUNDS ARE INEVITABLY LAUNCHED DURING BULL MARKETS, DUE TO THE NEED TO CONDUCT INITIAL PUBLIC OFFERINGS TO RAISE THE REQUIRED FUNDS.

FOR ICAPITAL.BIZ BERHAD, IT IS INSTEAD LAUNCHED IN A WEAK STOCK MARKET EVEN THOUGH SUCH A TOUGH MARKET MAKES IT DIFFICULT FOR ITS PROMOTERS. BUT IT IS THE PRECISELY THE WEAK MARKET THAT MAKES THE TIMING IDEAL FOR SHAREHOLDERS. LAUNCHING ICAPITAL.BIZ BERHAD NOW RAISES THE CHANCES OF SUPERIOR RETURNS FOR ITS SHAREHOLDERS.

NORMALLY, PRIVATE PLACEMENTS OF INITIAL PUBLIC OFFERINGS TARGET INSTITUTIONAL INVESTORS; AT THE ENCOURAGEMENT OF MR TAN, ICAPITAL.BIZ BERHAD HAD AN UNUSUAL PRIVATE PLACEMENT PROCESS OF TARGETING QUALIFIED INDIVIDUAL INVESTORS. WE NEED TO RESTORE INVESTORS' CONFIDENCE.

LOCAL INVESTORS ARE VERY FAMILIAR WITH THE UBIQUITOUS UNIT TRUST FUNDS; ICAPITAL.BIZ BERHAD HAD TO DEAL WITH AN INVESTING PUBLIC THAT IS NOT FAMILIAR WITH CLOSED-END FUNDS, EVEN THOUGH SUCH FUNDS ARE COMMON IN THE NEW YORK AND LONDON STOCK EXCHANGES.

LASTLY, THERE WAS DISBELIEF AMONGST THE FINANCIAL INTERMEDIARIES THAT A SMALL INDEPENDENT FIRM LIKE CAPITAL DYNAMICS COULD CARRY SUCH A MAJOR IPO SUCCESSFULLY.

AGAINST ALL ODDS, TODAY WE KNOW THE REST OF THIS AMAZING STORY. THE RESPONSE TO THE INITIAL PUBLIC OFFERING OF ICAPITAL.BIZ BERHAD WAS SIMPLY, OVERWHELMING. IT WAS NOT JUST FROM THE PRIVATE PLACEES AND THE ENTITLED SUBSCRIBERS OF i CAPITAL BUT ALSO FROM THE GENERAL PUBLIC.

NOT ONLY DID WE HAVE TO INCREASE THE MAXIMUM FUND SIZE FROM RM100 MILLION TO RM140 MILLION, THE PUBLIC PORTION WAS OVERSUBSCRIBED BY 11.47 TIMES. TOGETHER WITH THE RM40 ODD MILLION THAT WAS TURNED AWAY, MR TAN AND HIS TEAM RAISED AROUND RM230 MILLION IN LESS THAN 13 WEEKS. THIS, IN ITSELF, SPEAKS VOLUMES ABOUT THE CONFIDENCE AND TRUST THAT THE INVESTING PUBLIC HAS IN THE ABILITY OF MR TAN TO INVEST THE FUNDS OF ICAPITAL.BIZ BERHAD PRUDENTLY.

SINCE 1989, THE TRACK RECORD OF MR TAN, EITHER IN RUNNING CAPITAL DYNAMICS ASSET MANAGEMENT OR IN MANAGING CAPITAL DYNAMICS, HAS BEEN CONSISTENTLY IMPRESSIVE.

BUT IN REACHING OUT TO INVESTORS, THE OVERARCHING THEME FOR OUR EFFORTS IS ONE OF INTEGRITY. WE BELIEVE THAT SUCCESSFUL INVESTING INVOLVES THE 3 'I'S - INDEPENDENCE, INTELLIGENCE AND INTEGRITY. INVESTORS COULD SEE THAT AT ITS MOST FUNDAMENTAL LEVEL, PROMOTING ICAPITAL.BIZ BERHAD WAS ADVOCATING TRUSTWORTHINESS AND ETHICAL BEHAVIOR IN THE MARKET PLACE.

SHAREHOLDERS' INTEREST IS OF PARAMOUNT IMPORTANCE. IN THIS CRUSADING IPO, CAPITAL DYNAMICS ASSET MANAGEMENT AND CAPITAL DYNAMICS HAVE SACRIFICED MILLIONS OF RINGGIT IN FEES AND THEY HAVE BORNE ALL THE PRE-LISTING MARKETING AND PROMOTIONAL EXPENSES.

THE ARTICLES OF ICAPITAL.BIZ BERHAD DO NOT ALLOW BORROWINGS BY THE FUND UNLESS IT OBTAINS UNANIMOUS SHAREHOLDERS' APPROVAL - CERTAINLY AN UNUSUAL PROTECTION FOR SHAREHOLDERS.

SHAREHOLDERS OR SHAREOWNERS, AS WE WOULD PREFER TO CALL THEM, APPRECIATE THAT WE ARE STRENGTHENING THE COMPANY, WHILE AT THE SAME TIME WE ARE EFFECTIVELY PROTECTING THEIR INVESTMENT. WE WILL WORK FOR POSITIVE CAPITAL APPRECIATION WHILE KEEPING RISK AND COST LOW.

IN THE END, WE WOULD WANT THE SUCCESS OF ICAPITAL.BIZ BERHAD TO SHOW THAT INVESTING INTELLIGENTLY IN BURSA MALAYSIA CAN WORK. ON THAT OPTIMISTIC NOTE, I LOOK FORWARD TO A SUCCESSFUL DBEUT FOR ICAPITAL.BIZ BERHAD ON BURSA MALAYSIA TODAY.