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Rattoon Holdings Limited has an investment in the Newcastle Stock Exchange ("NSX Limited") on the Australian Stock Exchange ("ASX").
NSX Limited operates Australia's second official stock exchange approved under the Corporations Act of Australia. NSX Limited listed on the ASX on 13 January 2005.
Rattoon applied for 1,000,000 shares at an offer price of 50 cents per share under the prospectus lodged by NSX Limited on 6 December 2004. This represented 2.54% of the issued capital of NSX Limited upon listing.
Rattoon's principle focus is investing in and managing investments in unlisted Australian entities. Rattoon began investigations into an investment in NSX Limited while it was still an unlisted entity, however during NSX Limited's capital raising process the nature of the raising evolved into an initial public offering on the ASX. While investments in listed companies are not Rattoon's primary focus, the directors of Rattoon believe that the investment still meets Rattoon's investment criteria of providing long-term capital growth for Rattoon's shareholders.
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