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Wrong to use 'irrevocable' when it isn't

Thu, Sep 18, 2014 - 12:00 AM

R Sivanithysivan@sph.com.sg@RSivanithyBT

EARLIER this year, a listed company here embarked on a non-underwritten rights issue to raise money for investment and working capital and, presumably to enhance the attractiveness of the offer, its announcements on the rights issue highlighted the fact that the company's substantial shareholder...

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