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A Global Limited has the following share capital in issue: 1,000,000 ordinary shares 50,000 preference shares 10,000,000 S750,000 The company cash at an issue price
A Global Limited has the following share capital in issue: 1,000,000 ordinary shares 50,000 preference shares 10,000,000 S750,000 The company cash at an issue price of $25 each to finance a property development project in the mainland. The following equity transactions occurred in 2018 decided to issue 200,000 new ordinary shares for 15 April 1 May Received applications for 500,000 ordinary shares Shares were allotted by the directors on a pro-rated basis. Excess application monies were returned for unsuccessful applications. Issued further 100,000 ordinary shares land having a fair value of S10,000,000 for the development project Declared preference share dividend of S2 per share Paid preference share dividend declared on 15 September 31 May 30 June for 15 September 25 December
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