G3 delays planned capital raise, says first-quarter margins running below target

Tue, 26 Jul 2016

By Paul McBeth July 27 (BusinessDesk) - G3 Group, the NXT-listed mail operations and document manager, has delayed a planned equity raising that would have been done through the Snowball Effect crowdfunding platform and says first-quarter margins are tracking below target due to stockpiling ahead of a planned price hike. Earlier this month the Auckland-based company said it planned to raise capital through the Snowball platform to help fund its growth, but today said it has shelved that plan, without providing details. "At this time,...

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