What is meant by the term "a placing of ordinary shares"?
A. Selling new ordinary shares to existing shareholders.
B. Selling new ordinary shares to a financial institution on a pre-arranged basis.
C. Selling new ordinary shares directly to the public.
D. Selling existing ordinary shares to new investors through a stock exchange.
Answer:B
What is meant by the term "a placing of ordinary shares"?
A. Selling new ordinary shares to existing shareholders. B. Selling new ordinary shares to a financial institution on a pre-arranged basis. C. Selling new ordinary shares directly to the public. D. Selling existing ordinary shares to new investors through a stock exchange.