Shareholders hammer home discontent with bank fees for Fletcher Building's $700m raise

Fletcher director Cathy Quinn is the sole remaining board member up for re-election. (Image: NZME)

Wed, 23 Oct 2024

Fresh concerns have been raised about Fletcher Building’s $700 million equity raise as the company is set to face shareholders after months of turmoil. The dual-listed building materials giant will hold its annual general meeting in Auckland on Wednesday. It is likely to be confronted by shareholders, who are "upset and angry" at the company’s dire performance. Fletcher Building’s constrained balance sheet saw it raise $700m in September after a more than $220m loss, repeated provisioning on legacy construc...

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