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Placements and small cap firms - an analysis of changes to ASX Listing Rules
30 Apr 2014
Centre for International Finance and Regulation
The ASX recently amended its listing rules to allow small-cap companies to issue up to 25% of their share capital at a discount of up to 25%- Rule 7.1A (up from a 15% issue at a 15% discount). The changes have the potential to distort...