Dear John,
please explain how much total equity to be issued from reconstruction scheme.
and how it comes
(total loan of 2800,000 secured on property with a net disposal value of 3000,000) in case of Vencap bank)
and how 43.5% of equity is calculated in case of Vencap bank. BPP text page 379.
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Financial Restructuring
9y ago#1I do not have the BPP Study Text - only the Revision Kit - and so I cannot help you with Vencap.
In a financial reconstruction in the exam, you are either told the equity (either directly or indirectly) or it is a balancing figure.
Thanks John:)
9y ago#3You are welcome :-)
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