Assignment: Singapore Company and Finance Law
The video:
Brandon Chiew is the senior partner/managing director of the firm. He is responsible for the provision of advice and services to the client Multicoin Pte Ltd. They are a valued client of the firm.
He is currently in Thailand on business and will not be back until Monday 12 September 2022
He wants you to prepare a 5 minute video explaining to him the following issues.
Rationale for video presentation:
As accountants/financial advisers you will spend the majority of your time explaining issues to people. The purpose of the video is to give you the opportunity in a safe environment to develop that skill.
The questions that you will be required to answer may take more than 5 minutes to respond so you will need to develop the skill to ummarise.
Issues that brandon wants you to address and present in the video:
a) Stephen has been a director of two other companies in the last 7 years that were insolvent. Can he still be a director?
b) Given the financial markets are in turmoil and share prices are falling is the 30% discount for the rights issue enough of a buffer?
c) What is a renounceable and non renounceable rights issue and which would be better for the client?
d) Would debt funding be a better option?