For a Share Placement,the Australian Authority ASIC Requires

question 31

Multiple Choice

For a share placement,the Australian authority ASIC requires:

• A) that a placement must consist of subscriptions of not less than $1 000 000.
• B) that any discount from the current market price not be more than 10%.
• C) a memorandum of information to be sent to all participating institutions.
• D) a prospectus, which can be filed with them after the event.

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Definitions:

Legislature

The governmental body empowered to make, amend, or repeal laws within a state or country.

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To combine various elements or aspects from different sources to form a coherent whole or create something new.

Summarize

The act of presenting a concise statement or overview of the main points of a text, document, or discourse.

Explain

To make something clear or easy to understand by describing or giving information about it.