$Clearbridge(1H3.SI)$ is the w-To The Moon - Tiger Brokers Online Investing Community - To The Moon

$Clearbridge(1H3.SI)$

is the white knight buying up? "On 27 August 2024, the Company received a letter from Ms Lee (the ?Letter?), an existing Shareholder as at the date of the Letter. In the Letter, Ms Lee recommended that the Company may want to consider raising funds to strengthen the Group?s cash position, thereby better positioning the Group to undertake any potential business opportunities, and to weather any adverse economic changes, in view of its cash position as at 30 June 2024. Ms Lee further suggested that if the Company is indeed considering raising funds from the capital markets, the Company may want to consider raising funds by way of a rights issue, rather than by way of a private placement, as a rights issue would be more equitable for existing Shareholders, as it would allow all existing Shareholders to participate in the issuance of the Company?s Shares. As a sign of support, Ms Lee indicated her personal preparedness to commit funds to support a rights issue should the Company choose to raise funds through a rights issue"

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