iCar Asia's entitlement offer

iCar Asia has recently announced a 1 for 44 entitlement issue. Here's what you need to know.

Two weeks ago iCar Asia announced it would raise additional equity, as we explained in iCar Asia’s capital raising on 1 Jul 15 (Speculative Buy – $0.705). The purpose was to raise sufficient cash to take the business through to breakeven by the end of the 2017 calendar year.


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