The company announced today:
To put in "a bit more perspective" why the formed CEO might have opted not to be re-elected, please read:
"Icon Offshore: CEO and COO remanded".
Icon Offshore is listed less than one year ago, and now already the CEO is gone.
People who invested in the company when it was listed will be very disappointed.
The share is currently trading at RM 0.53, a far cry from its IPO price of RM 1.85.