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Investment fund message error

Topics: Problems: Investment fund message error

Marshal Ney

Wednesday, June 20, 2012 - 03:26 pm Click here to edit this post
An Investment Fund is not allowed to buy shares if it than owns more than 40.00% of the shares.

Correct would be 4.00% of the shares.


Thursday, June 21, 2012 - 12:40 am Click here to edit this post
40% is technically correct, although it is possible for investment funds to own a higher percentage

4% is the maximum amount that an IF can order in one transaction.


Thursday, June 21, 2012 - 05:56 pm Click here to edit this post
We have today relaxed some of the limitations on the share market.
Exact data will be published coming Tuesday.

There will be more updates coming Tuseday:

Reverse splits will be more frequent and every share under the value of SC$ 10 will undergo a reverse split of 2 to 1. (up from share value of SC$ 2).

Forward share splitting remains at value > SC$ 100.

we are trying to increase the value per transaction.
If you try to invest 1T in the current market, you will be quite busy.

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