Former Malaysian Finance Minister Daim worth at least RM 1.073 billion....should have been ranked at least 16th richest by Forbes

The publicity shy Daim Zainuddin, the former finance minister of Malaysia, owns 84.4% of the London AIM listed ICB Financial Group AG ( see AIM announcement at http://www.icbank-gh.com/upload/1211875219_Microsoft%20Word%20-%20080527%20ICB%20announcement%20-%20change%20of%20shareholder%20interests.pdf)


The company has a market capitalisation of STG 198.9 million ; or MYR 1.27705 Billion

( See http://investing.thisismoney.co.uk/companyresearch/225737/ICB_Financial/company_prices.html and use currency converter at http://coinmill.com/GBP_MYR.html#GBP=198.09)

Hence, Daim is worth at least MYR 1.0778302 Billion, or for the purposes of the Forbes rankings, USD 330 million.
That sum would rank him, (had Forbes given him due respect), the 16th richest person in Malaysia, just ahead of Vinod Shekar.
(http://www.forbes.com/lists/2008/84/biz_malaysiarichest08_Malaysias-Richest_Rank.html)

Comments

  1. Quick Draw BotakSeptember 11, 2008 at 11:14 AM

    Sdr. Ganesh,

    You should dig up the dirt in Felda's acquisition of a US company at an exobitant price! If you want, I can try get whatever little details that I can get.

    Unconfirmed reports indicates that Najib was adamant that the transaction proceed despite some undesireable matters in the due diligence report.

    Personally I think the real fair price of the acquisition should be no more than 30% (max max) of the offer price.

    Sekian.

    ReplyDelete

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