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Tag Archives: Commonwealth Bank’s

Commonwealth Bank’s $1.5 bln ignore on retail contribution in Australia

CANBERRA: Just half of the eligible Commonwealth Bank’s retail shareholders have taken up the offer to buy newly-issued shares through the bank’s entitlement offer, leaving a $1.5 billion shortfall. Shares in the country’s biggest bank were placed in a trading halt on Friday, as it announced it had raised $1.5 billion from retail shareholders, and it brought forward an institutional ... Read More »