"An intended rights issue targeting at least $6.0 million (before costs) net of Star Bright’s rights entitlement. The equivalent quantum of Star Bright’s entitlement will be applied to reduce the new loan."
The takeaway i get from this is if no one takes it up Star Bright will put in the full amount they are entitled to and those funds will go towards the $5 million loan AHZ just opened with them and SB will Recieve 3% early close fee.
Or am i reading this wrong?
So if this does transpire, AHZ will be debt free, SB will probably hold over 20%, and it is likely that greater than $6.0 million will be raised.
Now, it would be good to understand how much influence SB carry in getting AHZ into the Chinese market.
Does anyone have a list of companies they are substantial holders in?
Ann: Appendix 3B - Star Bright Placement Issue, page-56
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