No - they couldn't try a book build without SH approval as they 1/ need to dilute so much and 2/ they've already used a lot of their allowance for past 12 months. Given the dilution, an entitlement offer was likely their only option.
Note, the time they spent in a trading halt would have been to try and convince existing major shareholders to state that they would participate (as say Hacket has done/stated in the past). No success on that front tho.
- Forums
- ASX - By Stock
- RFX
- Ann: Redflow undertakes capital raising to deliver on growth
Ann: Redflow undertakes capital raising to deliver on growth, page-57
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RFX (ASX) to my watchlist
|
|||||
Last
9.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $25.63M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
RFX (ASX) Chart |
Day chart unavailable
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online