Fund management bodies oppose ASX share placements proposal

The Australian Council of Superannuation Investors (ACSI) and the Financial Services Council (FSC) are opposing a proposal by the Australian Stock Exchange (ASX) to allow small to mid-cap companies to issue discounted new shares to investors via placements.

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Read more: ACSIFSCASXcapital raisingshareholdersFinancial Services Councilshare placementsAnn ByrneAustralian Council of Superannuation InvestorsAustralian Stock Exchangedilutionmid capsmall cap