Boustead's surprising commitment to subscribe for the rights...
Boustead's surprising commitment to subscribe for the rights issue despite its own recapitalisation needs is noteworthy. The altered restructuring plan no longer involves a foreign pharmaceutical firm taking up a block of shares in Pharmaniaga, which could have been beneficial for the company's growth.
Undertaking for Pharmaniaga Cash Call Points to Different Direction in Boustead's Restructuring
Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates.
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