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Fintech Asia Ltd said on Wednesday it has completed a reverse takeover as it changes its name to ICFG Ltd. Fintech Asia is an investment company established to acquire businesses focused on improving the delivery and use of financial services in Asia. It has completed the acquisition of ICFG Pte Ltd by issuing 177.8 million new shares to previous ICFG Pte shareholders at 64.00 pence per share. Its shares were cancelled and admitted to the Main Market of the London Stock Exchange on Wednesday. The company’s name was legally changed to ICFG Ltd and is expected to be effective on the market on Thursday. The firm said its expected market capitalisation after cancellation and admission is £130.5 million. Shares in the company were up 11% to 55.00 pence in London on Wednesday morning. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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