Question
Based on Australian Law Raygon Ltd is listed on the Australian Stock Exchange. It produces agricultural products such as fertilisers and insecticides. It has been
Based on Australian Law
Raygon Ltd is listed on the Australian Stock Exchange. It produces agricultural
products such as fertilisers and insecticides. It has been at the cutting edge of technology for producing these products and has invested a considerable amount of resources into research and development.
One of the technologies which the company has been working on is to convert by-products from growing mushrooms into a high quality fertiliser. The company has achieved some significant results from the testing this technology.
The company expects to be able to start manufacturing and selling this product under the label, "Slushy Mushies", early in 2019. Interested customers have already started pre-ordering the product. Based on these orders the company expects that this will increase profitability by about $50 million in 2018-19.
Raygon Ltd will need to raise capital to further develop some of these technologies. It is proposing to raise capital by selling shares.
a)What are Raygon Ltd's disclosure obligations in relation to this capital raising?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started