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Seamless Green (8150) proposes issue of unlisted warrants to Chairman Andrew Lam Ping Cheung
Company announcement, 31-Dec-2010
This was released on 31-Dec-2010, New Year's eve, which was a half-day session. The exercise price plus subscription price equals the current market price - i.e. a 0% premium for a 3-year warrant. Ridiculous! The issue price of the warrants raises only $1.4m before expenses.
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