Asset Plus cans $100m rights issue

Asset Plus cans $100m rights issue
Jenny Ruth
Asset Plus has withdrawn its $100 million capital raising "in light of the current volatility of capital markets" caused by the coronavirus pandemic.The rights issue was announced just eight days ago.The property investor said its board decided the move was in the best interests of the company and its shareholders.As a result, it has terminated its underwriting with Jarden and calling off the meeting scheduled for March 31 where shareholders would have voted on the deal.The funds had been intended to be used to develop and lease a building at M...

More Finance

ANZ admits 'unacceptable failure' as bond probe continues
Finance

ANZ admits 'unacceptable failure' as bond probe continues

Regulator is investigating the bank over its bond turnover data.

AAP 25 Jul 2024
ComCom will try to bring down PayWave, credit card surcharges
Finance

ComCom will try to bring down PayWave, credit card surcharges

Card industry tried to regulate itself, Govt has tried, now it is ComCom's turn.

Staff reporters 23 Jul 2024
Massive cyber outage cripples banks and other organisations worldwide
Finance

Massive cyber outage cripples banks and other organisations worldwide

A major cybersecurity outage has taken out computer-reliant services

Dileepa Fonseka 19 Jul 2024