A non wholly owned subsidiary should probably fund it's ventures with a capital raise and subsequent dilution of shares in the subsidiary, you're right. I suspect that the interest from remaining holders won't extend to putting more money into the business but if they do the results will either be;
A debt free expansion of works of which EMR own the majority of returns or
A company that EMR holds the entirety of after committing the funds for the expansion works under the framework of a diluting capital raise of 8x to 10x
Ann: Recommended and Unconditional Takeover Offer Now Closed, page-6
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Last
$3.69 |
Change
-0.070(1.86%) |
Mkt cap ! $2.431B | |||
| Open | High | Low | Value | Volume |
| $3.74 | $3.75 | $3.66 | $5.200M | 1.408M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 25015 | $3.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.70 | 10000 | 1 |
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| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| EMR (ASX) Chart |