They definitely need $200M, I find it very strange that news of a rights issue is being published, and the company has announced nothing. Doesn't this breach some sort of disclosure requirements?
non renounceable rights issue, page-76
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Last
$1.60 |
Change
-0.105(6.18%) |
Mkt cap ! $1.279B | |||
| Open | High | Low | Value | Volume |
| $1.63 | $1.63 | $1.58 | $10.72M | 6.719M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1500 | $1.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.60 | 52235 | 4 |
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| KAR (ASX) Chart |