Bloomberry revealed that it sold 559,000,000 primary (new) shares to Quasar Holdings Inc.
at ?10.00/share in an overnight placement after Thursday’s close, raising ?5.59 billion for BLOOM. Despite QHI being owned by , who also owns BLOOM, the public float was not affected by QHI’s purchase because of the nature of this “placing and subscription” transaction. In the first step, QHI sold 559 million BLOOM shares that it owned by private placement to a number of third-party investors at ?10.00/share.
Merkado Barkada's opinions are provided for informational purposes only, and should not be considered a recommendation to buy or sell any particular stock. These daily articles are not updated with new information, so each investor must do his or her own due diligence before trading, as the facts and figures in each particular article may have changed.
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