FFG does not own Fatfish Internet Pte Ltd that's a different company owned by Abelco.
FFG owns 42.9% of Abelco, & Abelco has an MC of only around $20M which includes those 187.5M ICI shares:
https://www.bloomberg.com/quote/ABIG:SS
let me know if i'm wrong?
the more i look into FFG, the more pass-the-parcel i come across for example AB1 Animoca Brands sold a lot of games & game database to iCandy. now recently iCandy has sold those games & database to RBV RightBridge Ventures. RBV was created by Abelco. Kin Wai Lau is on ICI, FFG & Abelco boards or CEO.
also Kin Wai Lau said in a Small Caps interview he has been friends with the founder of AB1 Yat Sui for 20 years...!!!
maybe there is more friends helping friends here than value? imo dyor
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