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  • 1 year ago
IFCA in M&A Talks

IFCA in M&A Talks

In his first media interview as CEO of IFCA MSC Bhd, Michael Cho shares with the Morning Run his plans for the company with him in the driving seat.
In the midst of a tougher and fast changing operating landscape, Cho talks about the company's plans to revamp its business model through its IFCA 2.0 transformation programme.
IFCA, that turns 30 this year, is a software solutions provider to property businesses in Malaysia and overseas. In 2015, it launched Property365 - the first real-time transactional property e-marketplace in Malaysia.
From an earnings perspective, the company's net profit was hit last year falling 98% year-on-year to RM518,000 for FY2016. Cho talks about what happened and how they plan to build a sustainable income stream moving forward.
He also revealed that the company is in M&A talks.
"We are looking at M&A...We have been in talks in the last few months with a lot of people.. we are quite a conservative company... So we don't look at weird business models