ValueBuddies.com : Value Investing Forum - Singapore, Hong Kong, U.S.

A rather unusual renounceable non-underwritten rights issue - 9-for-10 at $0.34/share to raise net proceeds of $238.9m - which has attracted queries from SGX..
https://links.sgx.com/FileOpen/SLC%20-%2...eID=693529 [Rights issue announcement 7Dec21]
https://links.sgx.com/FileOpen/SLC%20-%2...eID=697788 [Offer Info Statement 17Jan22]

Anyone in this forum supporting the rights issue? A quick glance at the 1H results and the 30Sep21 B/S doesn't really show a need for a major new capital infusion at this point..
https://links.sgx.com/FileOpen/SLC%20Int...eID=690603

And I tot I read the thread on this company was deleted because moderator did not wish to discuss it.
What was the reason?

hi dydx.
I apologize that I have to close down this thread, on behalf of cyclone.

Moderator