THE saga surrounding Apex Equity Holdings Bhd is a colourful one, involving a myriad of bodies, the testing of some important capital market rules, and an exposure into the workings of private companies that raise money via the issuance of preference shares.
The final outcome of the Apex saga will become a strong precedent that prescribes the do’s and don’ts in how financial institutions, especially stock brokers, find new owners or embark on mergers and acquisitions.
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