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材料全屏Flop Ltd was in financial

材料全屏 Flop Ltd was in financial difficulties. In January, in order to raise capital, it issued 10,000 £1 shares to Gus, but only asked him to pay 75p per share at the time of issue. The directors of Flop Ltd intended asking Gus for the other 25p per share at a later date. However, in June it realised that it needed even more than the £2,500 it could raise from Gus' existing shareholding. So in order to persuade Gus to provide the needed money Flop Ltd told him that if he bought a further 10,000 shares he would only have to pay a total of 50p for each £1 share, and it would write off the money owed on the original share purchase. Gus agreed to this, but the injection of cash did not save Flop Ltd and in December it went into insolvent liquidation, owing a considerable amount of money. 22 【论述题】 Explain the general rule concerning the issuing of shares at a discount to their nominal value



【参考答案及解析】
There is a general rule on issuing shares that states shares with a nominal value may be issued at a premium to that value but may not be issued at a discount to it.
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