1. BRWN has proposed 2 for 1 right issue @50/- (to retire debts).
2. Browns Capital (FLCH) decided to amalgamate with its ultimate parent Browns Investment Pls (BIL) where BIL will be the remaining entity. BIL holds 60.79% shares in FLCH.
Net Assets/share at Group level in BRWN, BIL & FLCH as at 31/12/17 was 253.87, 4.13 & 7.24
BRWN, BIL & FLCH closed yesterday (22nd May) at 69.90, 2.90 & 4.40.
What do you expect to happen on BRWN, BIL & FLCH ??