Primary offer to public in order to raise funds

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Reference no: EM133855242

Question

Big Money Ltd intends to make a primary offer to the public in order to raise funds. The directors of Big Money Ltd are aware of certain information that could potentially discourage the public from purchasing shares in Big Money Ltd. After deliberation, the directors of Big Money Ltd decide not to include that information in the prospectus. With reference to the Companies Act 71 of 2008, discuss whether the directors of Big Money Ltd can be held personally liable to persons who acquire the securities of Big Money Ltd and who may potentially suffer loss or damage as a result of the omission of that information from the prospectus.

Reference no: EM133855242

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Primary offer to public in order to raise funds : Big Money Ltd intends to make a primary offer to the public in order to raise funds.

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