Ann: Update on Carsome Process Deed and Acquisition Proposal, page-4

I assume Collins assumes the deal has a high chance of success as 20pc of the shares were settled already. The question will be whether they provide a scrip alternative for those that decide to stay in.

The raise size seems to be just enough to support the buyout. Might be slightly short so I do expect to see some scrip offered.

https://www.techinasia.com/carsome-races-13b-valuation-200m-raise