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in 2019, aria and sofias determination pays off and the business becomes publically listed - ADS luxury ltd with 2500 outstanding shares the company decides
in 2019, aria and sofias determination pays off and the business becomes publically listed - ADS luxury ltd with 2500 outstanding shares
the company decides to raise capital for further expansion
AFS rlease a prospectus seeking 3000 shares valued at $11 each. the prospectus requires investors to pay $5 on application, $4 on allotment and $2 on call.
the deadline for applications was 24 jan. by this date applications were reciebed for 3700 shares. In dealing with this over subscription, the company scaled back other applications and applied the excess application miney to allotment.
the shares were allotted on 20 feb with payment reciebed on 17 match. a call was made on 3 april and the call money was reciebed on 23 april
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