Bermuda Stock Exchange rights offering under-subscribed

By David Marchant

27 years ago

Topics

Bermuda Investment

Keywords

Bermuda Stock Exchange

A rights offering carried out by the Bermuda Stock Exchange has raised nearly $2 million to pay for a new trading system and future expansion but was significantly under-subscribed, we can reveal.BSX chief executive officer William Woods would not comment on information we received from sources that the offering, which took place last August, was under-subscribed by as much as $700,000.

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