So what happens after the raising is done and MR can't increase his holding for 6months due to maxing his creep limit underwriting. No more buyer of last resort, well the only buyer really on market. I'd be tempted to get some but a lack of buying support after the raising concerns me.
I thought they were looking for a large investor with the oversea presentations etc, looks like that failed and they've turned to shareholders again.
Ann: Prospectus for Non-Renounceable Pro-Rata Rights Issue, page-56
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