ROFR = Right of First Refusal i.e if any debt is being offered for sale, that holder must offer it to EWC first. If they refuse, then they can offer it to someone else. In this case, SCPE didn't offer it to EWC and instead sold it to their insider mates i.e. the old SCPE got fired and they started a new company, who just bought it back at a big discount. Thats why SC share price and general service is a joke. They have crooks running their business. Laughing stock of banking. anyways, EWC contested this and lost. it makes 0 difference.
Ann: EWC v Standard Chartered Private Equity (Singapore) Pte Ltd, page-12
Add EWC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.3¢ |
Change
-0.001(7.14%) |
Mkt cap ! $43.10M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.4¢ | 1.3¢ | $19.49K | 1.495M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 650800 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 264005 | 3 |
View Market Depth
| Last trade - 12.55pm 02/09/2024 (20 minute delay) ? |
| EWC (ASX) Chart |