You are correct. NZX did balls it up. NZX was confused. So were financial advisors.
One of Nz's biggest capital raises in years and punters only got less than two days to absorb the information in the Offer, get advice and decide if they want to participate of not.
Not one of our finest hours for a govt majority owned company. Nor for our regulators.
Why the haste? Hmmm............................
Ann: Air NZ updates on capital raise timing and liquidity, page-210
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