There is no good time to call off an important debt-culling deal. But it’s probably doubly bad to lose a chance to raise much-needed capital when the market for small cap shares is plagued with paranoid sentiment.
Industrial equipment and services group enX — which had to abandon the sale of its fleet management solutions operations to Bidvest — is now trading at levels that are less than half the share price at the time the mooted transaction was announced...
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