Yes, we’re thinking about or we can also recall going returned to the capital markets depending at the immediately requirements for those PPP tasks that we can be participating in,” Tan stated.
“Well, there are numerous alternatives available, but ordinarily we will [raise funds] by using treasury stocks. We can re-problem these treasury shares, these are basically the shares that the agency sold lower back these days, which is almost 18 percentage or 410 million shares. Depending on the market situation, quite viable earlier than the cease of the 12 months,” he stated.
“It’s simpler to do a non-public placement in comparison to public providing [where] you need to undergo all regulatory compliances. All of them are options. But I assume the cease end result might be to amplify the shareholder base so be it a combination of foreign, merely domestic, or strategic investor. At the quit of the day, we would want to attain a wider shareholder base to improve liquidity,” he introduced.
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