Question: Super Goods Ltd ( SGL ) has decided to raise new capital by making a placement of ordinary shares to Cubic Investments Ltd ( CIL


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. 
 

 

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

To calculate the capital gain for Cubic Investments Ltd CIL on the placement of ordinary shares in S... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...

Q:

* * * The plaintiff is a shareholder of the Brazilian Equity Fund, Inc. (the Fund), a non-diversified, publicly traded, closed-end investment company incorporated under the laws of Maryland * * *. As...

Q:

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...

Q:

1. Both brokers and intermediaries assist in getting funds from surplus units to deficit units. 2. An individual may simultaneously have characteristics of both a surplus unit and a deficit unit. 3....

Q:

Popular Magazines Ltd (PML) has decided to raise new capital by making a placement of shares to Sunspot Investments Ltd (SIL). The placement increases the number of PML shares on issue by 14% and is...

Q:

Jupiter Stores Ltd ( JSL ) has decided to raise new capital by making a placement of ordinary shares to Gipps Capital Ltd ( GCL ) . The placement increases the number of JSL shares on issue by 1 1 %...

Q:

Please help with the assignment for the following attachment. FOR IMMEDIATE RELEASE 12 October 2015 Myer Holdings Limited 2015 Annual Report and Notice of Annual General Meeting Myer Holdings Limited...

Q:

Find the absolute maximum and absolute minimum values of the function f(x) = (x-3)(x = 6)3 + 2 on each of the indicated intervals. Enter DNE if a value does not exist. a. Interval: [1,4] Absolute...

Q:

Read the case study information and write a strategic analysis using the following tools: PESTEL and SWOT. If you need to refresh your knowledge of these tools, refer to the assumed knowledge...

Q:

FIN201 Final Exam Sample MULTIPLE CHOICE. 1. Why will banks permit the use of an overdraft as suitable for funding the purchase of inventory that will quickly be converted into cash? A. To assist a...

Q:

When is profit realised on an intragroup transaction involving a depreciable asset?

Q:

Roth Contractors Corporation was incorporated on December 1, 2019. Required: Part A 1 Prepare journal entries to record the December transactions shown on page "Transactions Pt. A". General ledger...

Q:

In ASTU, ST = 7/12 * cm TU = 5/6 * cr and SU = 1/3 * cm Is ASTU a triangle?

Q:

SoftData, a vendor, sends an invoice to Accuflow for data warehousing support services. The invoice is sent directly to Megan Waters, the accounts payable clerk, who manually records the invoice in...

Q:

An e -1 moving with the speed of 10 8 m/s enters a magnetic field of 410 3 T m a direction ar to the field Calculate (a). Radius of path (b). Frequency of revolution of e -1

Q:

On May 1, Robert Neupert started skyline flying school, a company that provides flying lessons, by investing $45,000 cash in the business. Following are the assets and liabilities of the company on...

Q:

(1 point) Parameterize a vase formed by rotating the curve z = 4yx- 1, 1

Q:

Find parametric equations for the sphere centered at the origin and with radius 3. Use the parameters s and t in your answer. x(s, t) D y(s, t)%3D , and z(s, t) = , where and

Q:

6 Theory of Machines 5. A shaft carries five masses A, B, C, D and E which revolve at the same radius in planes which are equidistant from one another. The magnitude of the masses in planes A, C and...

Q:

Discuss the contract liability of a partnership and the partners.

Q:

Distinguish between procedural and substantive unconscionability.

Q:

Arthur Young & Co., a firm of certified public accountants, was the independent auditor for Amerada Hess Corporation. During its review of Ameradas financial statements as required by Federal...

Q:

Should education be designed to push the limits and require more than the child is currently capable of?

Q:

You might have heard how young children use the running commentary to accompany everything they do. They might play with some plastic blocks, for example, commenting on their own actions: Now put...

Q:

What is a schema? Give a denition. Name ve key words (concepts) most closely linked with schema. Then check Unit 3 on the cognitive approach to behaviour to see if you are correct.