Top 20 own around 70% which should restrict sell supply until a considerable increase in price from these levels . Carsales , who own 13% of ICQ paid around 0.80 cents per share prior to the company restructure . Carsales have said that they do not intend to buy ICQ , however takeover interest may come from China down the track. Catcha group sold iproperty to REA , they know what they are doing and how this should be played . ICQ have a very impressive top 20 that will want to maximise their position to its fullest potential . All in my opinion.
Ann: iCar Asia reaches EBITDA breakeven in November 2019, page-4
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