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Forum Problems Investment fund message error

Investment fund message error

M
Marshal Ney

All worlds
20 Jun 2012 15:26Link
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.
A
Arccuk

All worlds
21 Jun 2012 00:40Link
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.
A
Andy

All worlds
21 Jun 2012 17:56Link
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.