Asset Plus’ $100m rights issue crushed by market volatility
Asset Plus shares sunk well below the subscription price.
Coronavirus market volatility has forced NZX-listed property fund Asset Plus to cancel a $100 million rights issue set to open tomorrow.
Yesterday, Asset Plus shares closed at 43c, 7c lower than the offer’s subscription price.
The 50c subscription price represented a 6.7% discount to the
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