CORRECT: Kiwi Property retail investors take up half their entitlement offer

Wed, 12 Jul 2017

(Fixes halted share price and movement in third paragraph) By Paul McBeth July 12 (BusinessDesk) - Kiwi Property Group's retail investors took up half the shares available to them in their component of a planned $161 million capital raise, which the property investor wants to help fund expansion projects in Auckland. Auckland-based Kiwi Property raised $38 million in the retail component of its one-for-11 pro rata entitlement offer, representing about 50 percent of the 56 million shares available, it said in a statement. That adds to...

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