Fletcher Building’s financial woes: 'emergency' $700m capital raise rumours surface

Fletcher Building will hold its annual general meeting on Oct 23. (Image: Fletcher Building)

Sun, 22 Sep 2024

"Troubled", "cash-strapped" and "under pressure" Fletcher Building won’t comment on Australian media reports that it has got out the “begging bowl” for a $700 million “emergency” capital raise. Both the Australian Financial Review (AFR) and The Australian are reporting the struggling dual-listed building giant's investment bank Jarden is tapping investors for cash. A Fletcher Building spokesperson said on Sunday the company wouldn’t be commenting on whether it was c...

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