Homepage
PR Newswire
14-06-2013, 05:49 PM
The 1 for 1 ratio penalise shareholders who do not take up the rights issue more than say, 3 for 5, due to the dilution.
I guess whatever the ratio have to be acceptable to certain substantial SHs, which leads to their irrevocably undertaking to subscribe in full. For the same amount paid, they may increase their shareholdings at the expense of those who do not subscribe.
I guess whatever the ratio have to be acceptable to certain substantial SHs, which leads to their irrevocably undertaking to subscribe in full. For the same amount paid, they may increase their shareholdings at the expense of those who do not subscribe.