Dear Wot,
As you said that $100 million may not be the issue. However, this type of corporate deals that WAPRC proposed to take over 60 per cent of ANS through capital raising at discounted price of 0.0135 without following the 20 per cent take over rule, may be the first in the ASX history.
With reference to the 20 per cent Take Over Rule, any person or party who would like to acquire the company's equity ownership of 20 per cent and above, should submit the take over bid. In the case of ANS and WAPRC deals, there is no take over bid except capital raising deals. This may delay the lifting of the trading suspension.
Any ideas and comments?
- Forums
- ASX - By Stock
- Ann: ANS: Proposed $100m Placement & Strategic Investment in Sund
Dear Wot, As you said that $100 million may not be the issue....
-
- There are more pages in this discussion • 117 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 SDL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online