LCG 0.00% 6.0¢ living cities development group limited

TFA, page-3

  1. 2,689 Posts.
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    Hello!!! Anyone here?

    Why would TFA spend $2m to subscribe 111m FWL shares while the entire FWL mc is $1.7m? Wouldn't it cheaper to buy the rest of shares TFA does not already own?
 
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