Super Goods Ltd ( SGL ) has decided to raise new capital by making a placement of

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Question:

Super Goods Ltd

(

SGL

)

has decided to raise new capital by making a placement of ordinary shares to Cubic Investments Ltd

(

CIL

) .

The placement increases the number of SGL shares on issue by

9 %

and is made at a discount of

3.5 %

to the SGL market price.

Calculate CIL capital gain.

Related Book For answer-question

Smith and Roberson Business Law

ISBN: 978-0538473637

15th Edition

Authors: Richard A. Mann, Barry S. Roberts

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Posted Date: Apr 30, 2024 02:29 AM

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Super Goods Ltd ( SGL ) has decided to raise new capital by making a placement of

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Smith and Roberson Business Law

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