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10-01-2022, 11:40 AM
(10-01-2022, 11:32 AM)forum456 Wrote: https://www.theedgesingapore.com/news/eq...7-discount
raise money by issuing more shares
share price will drop to $7.3 ?
This was expected thats why the stock went down on Friday.
It is taking advantage of high stock price to raise money.
I don't think it is positive.
They are selling stock at 7.30-7.50 that is more than 10% below price before they announced they will buy the bank.
The only good thing is they are not borrowing any money for the acquisition
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I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
